On October 13, 2015, Keel Point LLC announced its acquisition of DeMoss Capital Inc., a Chattanooga, Tennessee-based wealth management firm.
Keel Point LLC (“Keel Point”), with offices in Chattanooga, Tennessee, Huntsville, Alabama, Kansas City, Missouri and Washington D.C., currently manages approximately $1.45 billion in assets. Through its acquisition of DeMoss Capital Inc. (“DeMoss”), Keel Point will grow its AUM by an additional $150 million in the Chattanooga area alone.
DeMoss will become a branch of Keel Point at the completion of the transaction and will begin providing wealth management services to Keel Point’s Chattanooga based investors. DeMoss’ founder, John DeMoss, will remain with the firm, and transition into the head of Keel Point’s Chattanooga branch.
The terms of the agreement were not disclosed.
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