W.E. Donoghue Acquires JAForlines Global

February 23, 2018

On January 3, 2018, W.E. Donoghue announced a definitive agreement for the acquisition of JAForlines Global which was entered into on December 29, 2017.

Under the terms of the agreement, W.E. Donoghue & Co., LLC (“W.E. Donoghue”), with the support of its majority owner, Minella Capital Management, LLC, will acquire JAForlines Global, LLC (“JFG”) for an undisclosed sum. In addition, John Forlines III (“Forlines”) from JFG will become W.E. Donoghue’s CIO, Robert Shea (“Shea”) from JFG will become W.E. Donoghue’s President, and Jeffrey Thompson (“Thompson”) will continue as W.E. Donoghue’s CEO. Forlines, Shea, and Thompson will serve as members of W.E. Donoghue’s Investment Committee.

W.E. Donoghue, founded in 1986 and based in Boston, is a boutique registered investment advisory firm that focuses on risk managed portfolios and investment management services. W.E. Donoghue had over $2.6 billion in AUM as of November 30, 2017.

JFG, based in New York, is an investment management company that focuses on risk managed account strategies for select independent registered investment advisors, broker/dealers, and financial services clients. JFG had over $700 million in AUM as of November 30, 2017.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions