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.
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