5 Acquisitions of Companies in the Advice Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Advice industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 5 acquisitions that took place in the Advice industry.

Tejas Technologies acquired by ARC International

Details about the transaction:

Acquisition amount:

$5,000,000

Announcement:

1 April 2007

Details about the company:

Tejas Technologies provides enterprises with consultation, solution development, and implementation services related to information technology.

Headquarter:

Little Rock, Arkansas, United States

Where to find them:

Industry:

Advice, Business Development, Consulting, Data Integration, Software

Details about the buyer:

By making it possible to record and distribute high-quality multimedia material, ARC International is igniting the multimedia revolution.

Headquarter:

Cambridge, Cambridgeshire, United Kingdom

Where to find them:

Broad Arrow Group acquired by The Hagerty Group

Details about the transaction:

Acquisition amount:

$64,800,000

Announcement:

10 August 2022

Details about the company:

The founders', employees', and strategic partners' shared goal of becoming the finest adviser is embodied by Broad Arrow Group.

Headquarter:

Grosse Pointe, Michigan, United States

Where to find them:

Industry:

Advice, Finance

Details about the buyer:

A family-run firm that specializes in vehicle and boat insurance is called Hagerty (U.S.).

Headquarter:

Traverse City, Michigan, United States

Where to find them:

Intake acquired by IDP Education

Details about the transaction:

Acquisition amount:

$55,567,086

Announcement:

20 September 2022

Details about the company:

An education consulting company called Intake provides services including applications, counseling, student housing, and studying abroad.

Headquarter:

Tainan, T'ai-wan, Taiwan

Where to find them:

Industry:

Advice, Education, Professional Services

Details about the buyer:

IDP Education is a business that specializes in providing placement services for overseas students.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Focus Solutions acquired by Abrdn

Details about the transaction:

Acquisition amount:

$66,322,841

Announcement:

8 December 2010

Details about the company:

Focus Solutions is a top supplier of consulting services and software to the international financial services sector.

Headquarter:

Leamington Spa, Warwickshire, United Kingdom

Where to find them:

Industry:

Advice, Financial Services, Software

Details about the buyer:

Abrdn wants to give our clients the tools they need to plan, save, and invest for the future.

Headquarter:

Edinburgh, Edinburgh, City of, United Kingdom

Where to find them:

Synchronised Business Services acquired by WT Financial Group

Details about the transaction:

Acquisition amount:

$7,960,000

Announcement:

14 March 2022

Details about the company:

Financial advising services are offered in the areas of insurance, budgeting, asset allocation, and savings by Synchronised Business Services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Advice, Financial Services, Insurance, Risk Management

Details about the buyer:

A diverse financial services company is WT Financial Group.

Headquarter:

Sydney, New South Wales, Australia

Where to find them: