Broadridge to acquire Bayshore Capital-backed RPM for $404 mln
Broadridge Financial Solutions Inc (NYSE: BR) has agreed to acquire RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services. Broadridge agreed to pay about $404 million (US$300 million). The sellers include Bayshore Capital, a Canadian real estate, financial services and technology private equity firm. Led by President and CEO Dave Poppleton, RPM currently supports more than 15 million customer accounts. Broadridge, a U.S. financial technology company, said the acquisition will enhance its wealth management product offering in Canada.
21 May 2019•4 mins read
