M&A Deal Summary

Forge Global Acquires IRA Services Trust Co.

On March 28, 2019, Forge Global acquired financial services company IRA Services Trust Co.

Acquisition Highlights
  • This is Forge Global’s 1st transaction in the Financial Services sector.
  • This is Forge Global’s 1st transaction in the United States.
  • This is Forge Global’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2019-03-28
Target IRA Services Trust Co.
Sector Financial Services
Buyer(s) Forge Global
Deal Type Add-on Acquisition

Target

IRA Services Trust Co.

Sioux Falls, South Dakota, United States
IRA Services Trust Co. is a non-depository trust company with $11.1 billion in Assets under Custody (as of 12/31/2018). IRA Services Trust is regulated by the State of South Dakota Division of Banking and acts as a custodian of self-directed IRA accounts across a wide range of private investments. IRA Services Trust was founded in 2008 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Forge Global

San Francisco, California, United States

Category Company
Founded 2014
Sector Internet Software and Services
Revenue 79M USD (2024)
DESCRIPTION

Forge Global operates a marketplace that facilitates trading of shares in privately held companies and provides data and analytics on private-market valuations and liquidity trends. The Company serves institutional and individual investors seeking access to pre-IPO equity. Forge Global was founded in 2014 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 SharesPost

San Francisco, California, United States

SharesPost is a provider of liquidity solutions to the private growth asset class. The company's platform fosters transparency by publishing private market data, research, and valuation tools. SharesPost helped launch the private tech growth market in 2009 and has built one of the leading platforms for secondary transactions and Initial Coin Offerings pursuant to Reg. D. SharesPost was founded in 2009 and is based in San Francisco, California.

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