Osaic, Inc. acquires wealth management business from Lincoln Financial Group
May 06, 2024•over 1 year ago
Acquiring Company
Osaic
Acquired Company
Lincoln Financial Group
Description
Osaic, Inc., one of the nation’s largest providers of wealth management solutions, has completed the acquisition of the wealth management business, including all ownership interests in the Lincoln subsidiary entities, from Lincoln Financial Group. The sale provides Lincoln with approximately $650 million of capital benefit, which the company will primarily use to increase its risk-based capital ratio.
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