Merchant’s minority stake in Sowell Management values the firm at $6.5B, marking a major move in independent wealth management consolidation.
Key takeaways
- Sowell Management Sells Minority Stake to Merchant in $6.5B Deal
- Sowell Management has sold a minority stake to Merchant Investment Management, pegging the wealth management firm at a $6.5 billion valuation. The deal, disclosed Tues...
- Neither party revealed the exact percentage, but sources close to the transaction say the stake is “significant” and will give Merchant a seat at Sowell’s strategic ta...
- Merchant, a New York-based private partnership, has quietly amassed minority interests in over 60 RIAs since 2016. Its backing signals growing institutional appetite f...
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