M&A Deal Summary

Carson Group Acquires The Shobe Financial Group

On March 16, 2023, Carson Group acquired business services company The Shobe Financial Group

Acquisition Highlights
  • This is Carson Group’s 1st transaction in the Business Services sector.
  • This is Carson Group’s 3rd transaction in the United States.
  • This is Carson Group’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-03-16
Target The Shobe Financial Group
Sector Business Services
Buyer(s) Carson Group
Deal Type Add-on Acquisition

Target

The Shobe Financial Group

Baton Rouge, Louisiana, United States
The Shobe Financial Group is a client-centric, full-service financial planning and wealth management firm that specializes in providing comprehensive financial planning and investment management services to a wide range of individuals including families, pre-retirees, retirees, physicians, professionals, and business owners. The Shobe Financial Group was formed in 1983 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

Carson Group

Omaha, Nebraska, United States
Category Company
Founded 1983
Sector Information Technology
Revenue 50M USD (1999)
DESCRIPTION

Carson Group is a provider of wealth management tools and services to financial advisors and direct clients. Carson’s flagship partner program offers an integrated technology platform for advisors, offering services including asset management, research, marketing, and compliance. Carson Group was founded in 1983 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 3 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 White Ember Financial Planning

Nevada, Missouri, United States

White Ember Financial Planning offer a range of wealth management and financial advisor services, including portfolio management, tax planning, risk management and estate planning. White Ember Financial Planning is based in Nevada, Missouri.

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