Report: Pine Grove to acquire $110M Aurochs Financial

Pine Grove Financial Group of Woodbury, MN, is acquiring fellow Minnesota advisor Aurochs Financial Group, according to CityWire. 

In an October 11 report, CityWire said Pine Grove’s acquisition of Wayzata, MN-based Aurochs, which manages $110M in assets, will bring Pine Grove’s managed assets to approximately $1.3B. Pine Grove President Matt Gulbransen told the publication the Aurochs deal is testing a new M&A strategy for the firm, namely targeting firms that would typically fly beneath the radar of financial-buyer-backed rollup acquirers.

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