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 7
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 7 of 7
State (Florida) 3 of 3
Country (United States) 7 of 7
Year (2024) 4 of 4
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.

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