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  6. Federated Hermes Acquires C.W. Henderson and Associates

M&A Deal Summary

Federated Hermes Acquires C.W. Henderson and Associates

On July 18, 2022, Federated Hermes acquired business services company C.W. Henderson and Associates

Acquisition Highlights
  • This is Federated Hermes’ 1st transaction in the Business Services sector.
  • This is Federated Hermes’ 2nd transaction in the United States.
  • This is Federated Hermes’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-07-18
Target C.W. Henderson and Associates
Sector Business Services
Buyer(s) Federated Hermes
Deal Type Add-on Acquisition

Target

C.W. Henderson and Associates

Chicago, Illinois, United States
C.W. Henderson and Associates is a registered investment advisor specializing in the conservative management of tax-exempt municipal securities. Primarily focusing on one asset class has allowed the firm to deliver unique, disciplined tax-exempt solutions to clients and their advisors. C.W. Henderson and Associates is headquartered in Chicago, Illinois.

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Buyer(S) 1

Buyer

Federated Hermes

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1955
Sector Financial Services
Employees2,000
Revenue 1.6B USD (2024)
DESCRIPTION

Federated Hermes provides comprehensive investment management to approximately 6,100 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/ dealers. Federated Hermes was incorporated in 1955 and is headquartered in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 The PNC Financial Services Group - Investment-Management-Related Assets

Pittsburgh, Pennsylvania, United States

The PNC Financial Services Group, Inc. - Investment-Management-Related Assets includes the reorganization of PNC's family of liquidity, equity and fixed-income mutual funds into corresponding Federated mutual funds.

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