Products
Data Sets
Integrations
Services
FUNDRAISING NEWS | December 12, 2024
Tags: RIA, Mergers / Acquisitions
Summit Financial, through its partnership model Summit Growth Partners, announced the acquisition of Midway Wealth Partners, adding $500M to the firm’s client assets and expanding its footprint in the metro Chicago market.
The acquisition of Arlington Heights, IL-based Midway marks the 17th strategic partnership executed through Summit Growth Partners. Earlier in November, Dakota reported that Summit acquired three advisory firms: Southeast Financial in North Carolina, Radiance Private Wealth in New Jersey, and Silvertree in Wisconsin. The firm also took a minority stake in two RIAs based in Oklahoma and Pennsylvania in September, according to Dakota.
Summit said Midway Wealth, which operates a team of 19 according to its web site, will continue to operate under the leadership of Richard Babjak and Dennis Ryan.
Written By: Dakota
Kestra’s Bluespring Acquires $560M KY RIA Reliant Wealth
February 11, 2025
Merit Grows PA Presence with $233M Hershey Wealth Purchase
February 11, 2025
Report: Ishbia’s Shore Capital Seeking RIA Acquisitions
February 10, 2025
Prime Capital Enters Metro Atlanta with Purchase of $1B RIA Sugarloaf
February 10, 2025
Corient Acquires $600M Pittsburgh-area RIA Rootstock
February 06, 2025
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2025 | Terms of Use | Privacy Policy
