Fiduciary Trust Company Acquired by GTCR | Financial Services M&A Deal

GTCR has acquired Fiduciary Trust Company, a financial services other business in New York. Fiduciary Trust Company provides trust and fiduciary services for individuals and institutions, supporting wealth management and estate administration needs. GTCR acquisitions in financial services M&A aim to expand private equity acquisition capabilities in NY acquisitions and strengthen platform acquisition offerings. The GTCR acquires Fiduciary Trust Company deal is structured as a platform acquisition, with Fiduciary adding leadership from the former chair and CEO of Wilmington Trust as executive chair. Deal size was not disclosed, and the acquisition was announced, with details on closing terms not provided.