Keystone National Group Acquired by Virtus Investment Partners | Financial Services M&A Deal

Virtus Investment Partners has completed the acquisition of Keystone National Group, a wealth management ria business in Connecticut, for $308.2 million. Virtus Investment Partners acquisitions add an asset-centric private credit platform through Keystone National Group, an investment manager focused on asset-backed lending capabilities. The wealth management ria acquisition supports financial services M&A expansion into private markets for CT acquisitions and strengthens Virtus’s strategic acquisition footprint in the financial services deals CT market. The platform acquisition is a strategic acquisition by a strategic buyer, with consideration including $198.8 million cash at closing and $109.4 million in contingent consideration recorded at fair value, including deferred cash and performance-based earn-out components.