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  6. RBC Dain Rauscher Acquires J.B. Hanauer & Co.

M&A Deal Summary

RBC Dain Rauscher Acquires J.B. Hanauer & Co.

On March 13, 2007, RBC Dain Rauscher acquired financial services company J.B. Hanauer & Co.

Acquisition Highlights
  • This is RBC Dain Rauscher’s 1st transaction in the Financial Services sector.
  • This is RBC Dain Rauscher’s 1st transaction in the United States.
  • This is RBC Dain Rauscher’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2007-03-13
Target J.B. Hanauer & Co.
Sector Financial Services
Buyer(s) RBC Dain Rauscher
Deal Type Add-on Acquisition

Target

J.B. Hanauer & Co.

Parsippany, New Jersey, United States
J.B. Hanauer & Co. is a privately held, employee-owned financial services firm, specializes in retail fixed income and wealth management services. It runs five offices in three states with slightly more than 300 employees and close to $10 billion in assets under administration.

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Buyer(S) 1

Buyer

RBC Dain Rauscher

Minneapolis, Minnesota, United States
Category Company
Founded 1909
Sector Financial Services
DESCRIPTION

RBC Dain Rauscher, Inc. is a wholly owned subsidiary of Royal Bank of Canada (RY: TSX, NYSE), is one of the nation’s largest full-service securities firms. The company serves individual investors and businesses through offices coast to coast, and capital markets and correspondent clients in select U.S. and international markets.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
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