M&A Deal Summary

Waverly Advisors Acquires River Capital

On July 23, 2024, Waverly Advisors acquired business services company River Capital

Acquisition Highlights
  • This is Waverly Advisors’ 3rd transaction in the Business Services sector.
  • This is Waverly Advisors’ 7th transaction in the United States.
  • This is Waverly Advisors’ 3rd transaction in Florida.

M&A Deal Summary
Date 2024-07-23
Target River Capital
Sector Business Services
Buyer(s) Waverly Advisors
Deal Type Add-on Acquisition

Target

River Capital

Jacksonville, Florida, United States
River Capital is an investment advisory firm. River Capital was founded in 1998 and is headquartered in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Waverly Advisors

Birmingham, Alabama, United States
Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

Waverly Advisors is a fee-only registered investment adviser that serves the investment management and wealth planning needs of a diverse group of clients, including high-net-worth individuals and families, corporate retirement plans, trusts, endowments and institutions. Waverly Advisors was formed in 1999 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 7 of 8
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 7 of 8
State (Florida) 3 of 3
Country (United States) 7 of 8
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Derbend Asset Management

Peachtree City, Georgia, United States

Derbend Asset Management is an investment advisory business based in Peachtree City, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 9258 Wealth Management

Cincinnati, Ohio, United States

9258 Wealth Management is an investment advisory firm and tax preparation and planning business. 9258 Wealth Management was founded in 2017 and is based in Cincinnati, Ohio.

Buy -
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