Westwood Holding to Acquire Woodway Financial Advisers

January 16, 2015

On January 15, 2015, Westwood Holdings Group announced that it had reached an agreement to acquire Woodway Financial Advisers, a private wealth and trust company based in Houston, Texas.

On January 15, 2015, Westwood Holdings Group, Inc. (“Westwood”) announced that it had reached an agreement to acquire Woodway Financial Advisors (“Woodway”), a private wealth and trust company based in Houston, Texas. Woodway manages over $1.6 billion in private wealth client assets and has 27 employees. Westwood expects Woodway to operate as a Houston branch of Westwood Trust, a wholly owned subsidiary of Westwood.

The transaction is expected to close during the first quarter of 2015 and is expected to be accretive to Westwood’s earnings. The transaction is subject to approval by the Texas Department of Banking and other customary closing conditions.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions