M&A Deal Summary

Crestview Partners Acquires Modern Wealth Management

On April 5, 2023, private equity firm Crestview Partners acquired financial services company Modern Wealth Management

Acquisition Highlights
  • This is Crestview Partners’ 9th transaction in the Financial Services sector.
  • This is Crestview Partners’ 42nd transaction in the United States.
  • This is Crestview Partners’ 1st transaction in Kansas.

M&A Deal Summary
Date 2023-04-05
Target Modern Wealth Management
Sector Financial Services
Buyer(s) Crestview Partners
Deal Type Consolidation

Target

Modern Wealth Management

Lanexa, Kansas, United States
Modern Wealth Management is a national registered investment advisory firm. Modern Wealth was designed to anticipate the needs of Americans at every stage in life by providing a full suite of wealth management services carried out by a team of experts specializing in financial planning, tax planning and preparation, personal banking, estate planning and more. Modern Wealth Management was founded in 1996 and is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 53 of 55
Sector (Financial Services) 9 of 9
Type (Consolidation) 4 of 4
State (Kansas) 1 of 1
Country (United States) 42 of 44
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Digicomm International

Englewood, Colorado, United States

Digicomm International is a value-added broadband distributor and reseller. Digicomm International was founded in 1993 and is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Gersh

Beverly Hills, California, United States

Gersh is a media agency that operates twelve full-service departments Talent, Literary, Film Finance, Books, Comedy, Theater, Production, Alternative, Digital, Branding, Commercial Production and Commercial Endorsements. Gersh was founded in 1949 and is based in Beverly Hills, California.

Buy -
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