Dakota Wealth to Acquire Persimmon

July 16, 2021

On July 1, 2021, Dakota Wealth Management, LLC announced that it will acquire Persimmon Capital Management, LP.

Under the terms of the transaction, Dakota Wealth Management, LLC (“Dakota Wealth”) will acquire Persimmon Capital Management, LP (“Persimmon”). Greg Horn, founder and President of Persimmon, will join Dakota Wealth as Chief Development Officer and as a member of the Executive Committee. Further terms of the deal were not disclosed.

Dakota Wealth, based in Palm Beach Gardens, Florida, is an independent investment management, wealth and estate planning, and full-service tax planning firm serving high-net-worth individuals, families, and institutions. Dakota Wealth has approximately $1.7 billion in assets under management.

Persimmon, based in Blue Bell, Pennsylvania, is an independent wealth advisory firm focused on family office services. Persimmon has approximately $260 million in assets under management.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions