New York IBD to acquire $2.5B Boston hybrid
merger and acquisition words on yellow road sign on blue sky
National Holdings Corp. is set to acquire Winslow Evans & Crocker Inc. in 2020.
National Holdings Corp., a New York-based independent brokerage, investment banking and asset management firm, is acquiring Winslow Evans & Crocker Inc., a Boston-based employee-owned hybrid firm managing $2.5 billion in assets.
The transaction is expected to close in the first quarter of 2020, the company said in a release. Terms of the acquisition were not disclosed.
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Winslow Evans & Crocker, established in 1991, has more than 50 financial advisers. National Holdings has more than 1,000 advisers, registered reps, traders, sales associates and corporate staff.
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