In the largest M&A deal of this year, Reverence Capital Partners has announced its 75% purchase of Advisor Group from Lightyear Capital, PSP Investments, and other shareholders on May 9th, 2019. The cost of doing business? More than $2 billion was spent to acquire the independent broker dealer.
I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.