Captrust Acquires Covenant

INVESTMENT MANAGEMENT DEALS BLOG

November 1, 2021

On October 13, 2021, Captrust Financial Advisors announced its acquisition of Covenant Multifamily Offices.

Under the terms of the transaction, Captrust Financial Advisors (“Captrust”) has acquired Covenant Multifamily Offices (“Covenant”). Over forty members of the Covenant staff will join Captrust, including John Eadie, the firm’s founder and current managing director. Covenant will take on the Captrust name. Further terms of the deal were not disclosed.

Captrust, based in Raleigh, North Carolina, is an independent registered investment advisor providing investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. As of June 30, 2021, Captrust had approximately $70 billion in assets under management and $630 billion in assets under advisement.

Covenant, based in San Antonio, Texas, is a wealth management firm offering family office and tax preparation services, as well as wealth transfer planning. Covenant has over $2.6 billion in assets under management. Republic Capital Group acted as exclusive financial advisor to Covenant on the transaction.

To read the press release: please click here.