BNY completes acquisition of Archer Holdco, LLC to reinforce its leading position in managed account solutions
Nov 01, 2024•about 1 year ago
Acquiring Company
Bank of New York Mellon
Acquired Company
Archer
New YorkBerwynFinanceFinancial ServicesFinanceFinancial ServicesDescription
The Bank of New York Mellon Corporation (BNY) successfully closed the acquisition of Archer Holdco, LLC, a leading technology-enabled service provider of managed account solutions to the asset and wealth management industry. This acquisition strengthens BNY's position as a leading service provider, allowing for fully integrated solutions across the entire managed account lifecycle, benefiting institutional, private wealth, and retail investors.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed