Peapack-Gladstone to Acquire Quadrant Capital Management

September 20, 2017

On September 16, 2017, Peapack-Gladstone Financial Corporation announced that it will acquire Quadrant Capital Management, LLC, a boutique wealth management firm based in New Jersey.

Terms of the transaction were not disclosed. The acquisition is expected to close in the fourth quarter of 2017. Peapack-Gladstone Financial Corporation anticipates the transaction will be accretive to its earnings.

Founded in 2001, Quadrant Capital Management, LLC is a wealth management firm that provides financial planning, investment, tax, and retirement services. It has more than $400 million in assets under management.

Park Sutton Advisors LLC served as financial advisor to Peapack-Gladstone Financial Corporation.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions