M&A Deal Summary

Flexpoint Ford Acquires Clearstead

On October 8, 2021, private equity firm Flexpoint Ford acquired financial services company Clearstead from Rosemont Investment Group

Acquisition Highlights
  • This is Flexpoint Ford’s 13th transaction in the Financial Services sector.
  • This is Flexpoint Ford’s 41st transaction in the United States.
  • This is Flexpoint Ford’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2021-10-08
Target Clearstead
Sector Financial Services
Buyer(s) Flexpoint Ford
Sellers(s) Rosemont Investment Group
Deal Type Secondary Buyout

Target

Clearstead

Cleveland, Ohio, United States
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.

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Buyer(S) 1

Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 46 of 54
Sector (Financial Services) 13 of 14
Type (Secondary Buyout) 11 of 13
State (Ohio) 2 of 2
Country (United States) 41 of 48
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Propel Insurance

Tacoma, Washington, United States

Propel Insurance is an insurance agency focused on commercial lines insurance, employee benefits, and high-net-worth personal lines. Propel Insurance provides insurance solutions for its clients and has developed substantial expertise across a number of industry verticals, including construction, senior living, real estate, and sports and recreation. Propel Insurance was founded in 1923 and is based in Tacoma, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 VALE Insurance Partners

New York, New York, United States

VALE Insurance Partners is an insurance agency that focuses on underwriting transactional liability insurance products, including representations and warranty, warranty and indemnity, tax liability, and contingent liability insurance. The Company provides a full suite of services to its blue-chip carrier partners and has the authority to solicit, underwrite, bind, and manage insurance policies on their behalf. VALE is headquartered in New York, New York.

Buy -

Seller(S) 1

SELLER

Rosemont Investment Group

West Conshohocken, Pennsylvania, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Middle-Market
Type Sector Focused
DESCRIPTION

Rosemont Investment Group is a private equity firm focused exclusively on making investments alongside management teams in the asset management industry. Rosemont provides capital to fund management buyouts, recapitalizations and selected start-ups in support of teams focused on growing independent, asset management firms. In addition to investing in traditional asset managers, Rosemont will also selectively pursue alternative investment firms including hedge funds, private equity funds, fund of funds and wealth management. Rosemont seeks to invest $10 to $50 million of equity for meaningful minority equity stakes. Rosemont prefers to be the sole outside investor but will consider leading co-investment transactions requiring additional capital. Rosemont was formed in 2000 and is based in West Conshohocken, Pennsylvania.

DEAL STATS #
Overall 9 of 10
Sector (Financial Services) 9 of 10
Type (Secondary Buyout) 2 of 2
State (Ohio) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Litman Gregory Wealth Management

Walnut Creek, California, United States

Litman Gregory Wealth Management provides wealth management services with a commitment to excellent client service to individuals, multigenerational families, endowments, and foundations. Litman Gregory Wealth Management was founded in 1987 and is based in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Veris Wealth Partners

San Francisco, California, United States

Veris Wealth Partners is an operator of a wealth management firm that helps individuals, families and private foundations achieve their financial objectives while aligning their wealth with their values. Veris Wealth Partners was founded in 2007 and is based in San Francisco, California.

Buy -
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