M&A Deal Summary

Clearstead Acquires Avalon

On March 1, 2023, Clearstead acquired financial services company Avalon

Acquisition Highlights
  • This is Clearstead’s 1st transaction in the Financial Services sector.
  • This is Clearstead’s 2nd transaction in the United States.
  • This is Clearstead’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2023-03-01
Target Avalon
Sector Financial Services
Buyer(s) Clearstead
Deal Type Add-on Acquisition

Target

Avalon

Santa Fe, New Mexico, United States
Avalon is a similarly high-net-worth focused wealth management firm that manages approximately $2 billion in assets under management. It provides investment management, trust services, and financial planning to families, trusts, and foundations nationwide. Avalon is based in Santa Fe, New Mexico.

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Buyer(S) 1

Buyer

Clearstead

Cleveland, Ohio, United States
Category Company
Founded 1989
Sector Financial Services
DESCRIPTION

Clearstead is an operator of institutional and private wealth management firm that provides financial solutions, prominent endowments, foundations, hospitals, and other institutions with objective and high-quality investment advisory services. Clearstead was founded in 1989 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 2 of 2
State (New Mexico) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Scott Snow

Westlake, Ohio, United States

Scott Snow is a private client wealth advisory firm that provides investment management and financial and tax planning services for families and individuals. Scott Snow is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 WST

Norfolk, Virginia, United States

WST is a registered investment advisor providing wealth management, investment advisory, and capital management services to individuals, institutions, and intermediary partners. WST was founded in 1990 and is based in Norfolk, Virginia.

Buy -
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