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On the Record · Ladenburg Thalmann Financial Services

Ladenburg Thalmann Financial Services acquisitions, on the record

The businesses Ladenburg Thalmann Financial Services bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
SSN
Word for word“On January 2, 2015, the Company acquired the capital stock of SSN and an affiliated company, Renaissance Capital Corporation ("RCC").” 10-K for 2017
acquisitionJanuary 2, 2015—
HCHC Holdings, Inc. (parent of Highland)
Word for word“On July 31, 2014, we acquired HCHC Holdings, Inc. (“HCHC”), the parent company of Highland.” 10-K for 2017
acquisitionJuly 31, 2014—
KMS
Word for word“On October 15, 2014, we acquired all of the issued and outstanding capital stock of KMS.” 10-K for 2017
acquisitionOctober 15, 2014—
Premier Trust
Word for word“We acquired Premier Trust to provide our network of independent financial advisors with access to a broad array of trust services.” 10-K for 2017
acquisition——
Wall Street Financial Group, Inc.
Word for word“In September 2016, Securities America Financial Corporation ("SAFC"), which is the parent of Securities America, purchased certain assets of Wall Street Financial Group, Inc. ("Wall Street"), which was deemed to be a business acquisition.” 10-K for 2017
acquisitionSeptember 2016—
Foothill Securities, Inc.
Word for word“In December 2016, SAFC purchased certain assets of Foothill Securities, Inc. ("Foothill"), which was deemed to be a business acquisition.” 10-K for 2017
acquisitionDecember 2016—
Select Brokerage Services Inc. insurance brokerage business
Word for word“In July 2015, Highland purchased certain assets of the insurance brokerage business of Select Brokerage Services Inc. ("Select"), which was deemed to be a business acquisition.” 10-K for 2017
acquisitionJuly 2015—
Dalton Strategic Investment Services, Inc.
Word for word“In June 2015, Securities America purchased certain assets of Dalton Strategic Investment Services, Inc. ("Dalton"), which was deemed to be a business acquisition.” 10-K for 2017
acquisitionJune 2015—
Securities America
Word for word“Through our acquisitions of Securities America, Triad, SSN, Investacorp and KMS, we have established a leadership position in the independent advisory and brokerage services industry.” 10-K for 2017
acquisition——
Triad
Word for word“Through our acquisitions of Securities America, Triad, SSN, Investacorp and KMS, we have established a leadership position in the independent advisory and brokerage services industry.” 10-K for 2017
acquisition——
Investacorp
Word for word“Through our acquisitions of Securities America, Triad, SSN, Investacorp and KMS, we have established a leadership position in the independent advisory and brokerage services industry.” 10-K for 2017
acquisition——
Kestler Financial Group, Inc. (insurance distribution business)
Word for word“The consideration for the KFG insurance distribution transaction was $7,926 , consisting of cash of $1,683 paid at closing, a $165 cash payment to be made on the first anniversary of the closing date, a promissory note in the original principal amount of $5,450 and contingent consideration having a fair value of $619 , for which a liability was recognized based on the estimated acquisition-date fair value of the potential earn-out and additional liabilities of $9.” 10-K for 2018
acquisition—$7,926
Kestler Financial Group, Inc. (brokerage business)
Word for word“The consideration for the KFG brokerage business transaction was $1,167 , consisting of cash of $537 paid at closing (including $271 of reimbursable expenses), a $266 cash payment to be made on each anniversary of the closing date for the next three years having a fair value of $630 and contingent consideration having a fair value of $0 .” 10-K for 2018
acquisition—$1,167
Four Seasons Financial Group, Inc.
Word for word“The consideration for the FSFG transaction was $2,345, consisting of cash of $450 paid upon closing, a $450 cash payment to be made on each anniversary of the closing date for the next two years, promissory notes in the original principal amount of $372 and contingent consideration having a fair value of $622.” 10-K for 2018
acquisition—$2,345
Wall Street Financial Group, Inc. (certain assets)
Word for word“The consideration for the transaction was $3,468 , consisting of cash of $1,192 and contingent consideration having a fair value of $2,276 , for which a liability was recognized based on the estimated acquisition-date fair value of the potential earn-out.” 10-K for 2018
acquisition—$3,468
Foothill Securities, Inc. (certain assets)
Word for word“In December 2016, SAFC purchased certain assets of Foothill Securities, Inc. ("Foothill"), which was deemed to be a business acquisition.” 10-K for 2018
acquisitionDecember 2016—
Advisor Group Holdings, Inc.
Word for word“On February 14, 2020, we announced the successful completion of the Merger, and the NYSE American filed Form 25 to delist our shares of common stock.” 10-K for 2019
mergerOn February 14, 2020—
Kestler Financial Group (KFG)
Word for word“Our insurance brokerage segment revenues increased by $39,084 ( 27% ) in 2019 as compared to the prior year primarily due to the acquisition of certain assets of KFG by Highland in August 2018.” 10-K for 2019
acquisitionAugust 2018—
Four Seasons Financial Group (FSFG)
Word for word“In November 2018, as part of the consideration paid for the acquisition of FSFG, Highland issued two promissory notes in the amounts of $169 and $203, bearing interest at 3.99% and 4.75%, per annum, respectively.” 10-K for 2019
acquisitionNovember 2018—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$0$1.3 million
2017-12-31$0—
2018-12-31$2.9 million$2.4 million
2019-12-31$0—

Deal filings since 2016

Read from Ladenburg Thalmann Financial Services’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-03-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.