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Destra Capital Advisors LLC to acquire investment management contracts and assets of Altegris Advisors LLC

Mar 27, 2024•over 1 year ago

Acquiring Company

Destra Capital Advisors

Acquired Company

Altegris Advisors

BozemanLa JollaAngel InvestmentVenture CapitalFinanceFinancial Services

Description

Destra Capital Advisors LLC, a boutique asset management firm, has announced the acquisition of the investment management contracts for several funds and various related assets from Altegris Advisors LLC. This strategic acquisition aims to enhance Destra’s current suite of alternative investment offerings and bring together differentiated investment strategies for use by wealth managers across the country.

Company Information

Company

Destra Capital Advisors

Location

Bozeman, Montana, United States

About

Destra Capital Advisors LLC is a boutique asset management firm that was founded in 2008 with the purpose of helping independent thought leaders achieve better wealth outcomes by sourcing the next generation of investment solutions. It selects experienced partners with unique investment strategies or services, offering mutual funds, interval funds, closed-end funds, separate accounts, and investment services to help investors intentionally grow their wealth outcomes over time.

M&A Insights

Based on deal data
Integration 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