On November 22, 2021, The Colony Group, LLC announced that it will acquire Derby & Company, Inc.
Under the terms of the transaction, The Colony Group, LLC (“Colony”) will acquire Derby & Company, Inc. (“Derby”). The transaction, subject to customary closing conditions, is expected to close later this year. Further terms of the deal were not disclosed.
Colony, based in Boston, Massachusetts, is a financial advisory wealth management firm. As of December 2020, Colony had approximately $13 billion in assets under management.
Derby, based in Newton, Massachusetts, is an RIA that specializes in 401(k) plans and managing money for wealthy families. Derby has approximately $691 million assets under management.
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