Lido to Acquire Enterprise


July 1, 2022

On June 14, 2022, Lido Advisors, LLC announced that it will acquire Enterprise Trust & Investment Company.

Under the terms of the transaction, Lido Advisors, LLC (“Lido”) will acquire Enterprise Trust & Investment Company (“ETIC”). The transaction, subject to regulatory and other customary closing conditions, is expected to close by the end of Q3 2022. Terms of the deal were not disclosed.

Lido is a wealth advisory firm based in Los Angeles, California. As of June 14, 2022, Lido had approximately $11 billion in assets under management.

ETIC, based in Los Gatos, California, is a California-chartered trust company providing investment management services. As of June 14, 2022, ETIC had approximately $800 million in assets under management. Piper Sandler served as ETIC’s financial advisor in the transaction.

To read the press release: please click here.

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