Sequoia Financial Group To Acquire Zeke Capital Advisors, Forming Wealth Manager With $15 Billion In Client Assets
Feb 16, 2023•almost 3 years ago
Acquiring Company
Sequoia Financial Group
Acquired Company
Zeke Capital Advisors
AkronFinancial ServicesFinancial ServicesDescription
Sequoia Financial Group, LLC (Sequoia) today announced it has entered into an agreement to acquire Zeke Capital Advisors, LLC (Zeke). The transaction, expected to close on Feb. 28, will create a firm with more than $15 billion in client assets. Financial terms were not disclosed.
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