Add-on Acquisition • Business Services

Washington Trust Acquires Halsey Associates

On June 2, 2015, Washington Trust acquired business services company Halsey Associates

Acquisition Context

This is Washington Trust’s 1st transaction in the Business Services sector.
This is Washington Trust’s 1st transaction in the United States.
This is Washington Trust’s 1st transaction in Connecticut.

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M&A Deal Summary
Date	June 2, 2015
Target	Halsey Associates
Sector	Business Services
Buyer(s)	Washington Trust
Deal Type	Add-on Acquisition
Advisor(s)	Silver Lane Advisors (Financial)

Target Company

Halsey Associates

New Haven, Connecticut, United States

Halsey Associates, Inc. is a provider of comprehensive investment counseling services to high-net-worth families, corporations, foundations and endowment clients in Connecticut, metropolitan New York and throughout the United States.

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Buyer Overview 1

Buyer

Washington Trust

Westerly, Rhode Island, United States

Category	Company
Founded	1800
Sector	Financial Services
Employees	618
Revenue	101M USD (2024)

DESCRIPTION

Washington Trust is a provides full range of financial services, including commercial banking, small business banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. Washington Trust was founded in 1800 and is based in Westerly, Rhode Island.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Connecticut	1 of 1
Country: United States	1 of 1
Year: 2015	1 of 1

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