M&A Deal Summary

WealthTrust Acquires Fairport Asset Management

On November 2, 2007, WealthTrust acquired financial services company Fairport Asset Management

Acquisition Highlights
  • This is WealthTrust’s 1st transaction in the Financial Services sector.
  • This is WealthTrust’s 1st transaction in the United States.
  • This is WealthTrust’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-11-02
Target Fairport Asset Management
Sector Financial Services
Buyer(s) WealthTrust
Deal Type Add-on Acquisition
Advisor(s) Cambridge International Partners LLC (Financial)

Target

Fairport Asset Management

Cleveland, Ohio, United States
Fairport Asset Management, LLC is an employee owned investment manager with approximately $748 million in assets under management. The firm also provides tax planning and management, charitable planning, life, disability and risk planning, personal financial action planning, estate planning, and cash-flow planning services to its clients. It primarily provides its services to high-net worth individuals. The firm also manages accounts for pension and profit sharing plans, charitable organizations, and corporations.

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Buyer(S) 1

Buyer

WealthTrust

Scottsdale, Arizona, United States
Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

WealthTrust, a Nashville, TN-based holding company, is a strategic financial partner for US-based investment management firms. The company provides comprehensive wealth management services to select individuals and families through eleven affiliated investment management firms. WealthTrust?s team of specialists strengthens each of the affiliates by providing them execution and support in compliance, technology, back office and client services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
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