logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

F.L.Putnam Announces Acquisition Of Independent Investment Advisor Salem Capital Management

Jul 26, 2022•over 3 years ago

Acquiring Company

F.L.Putnam Investment Management Company

Acquired Company

F.L.Putnam Investment Management Company

LynnfieldFinancial ServicesConsultingConsultingFinancial Services

Description

F.L.Putnam Investment Management Company ("F.L.Putnam") today announced that it has acquired Salem Capital Management ("Salem Capital"), an independent registered investment advisor with a successful 30-year track record of serving high-net-worth families, individuals, and small institutions. Financial terms of the deal were not disclosed.

Company Information

Company

F.L.Putnam Investment Management Company

About

F.L.Putnam provides investment management, financial planning, and consulting services to high-net-worth clients and institutions including endowments and foundations. Since 1983, F.L.Putnam has delivered a comprehensive set of solutions that help clients build, preserve, and manage their wealth. The firm serves clients from offices in Maine, Massachusetts, New Hampshire, New York, and Rhode Island. More information is available at www.flputnam.com.

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