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SolomonEdwards completes acquisition of Dominion Advisory Group to enhance AML and financial crime consulting

Nov 21, 2024•8 months ago

Acquiring Company

SolomonEdwards

Acquired Company

Dominion Advisory Group

WayneNewport BeachFinancial ServicesProfessional ServicesFinanceFinancial Services

Description

SolomonEdwards, a national professional services platform firm, has completed the acquisition of Dominion Advisory Group (DAG), a U.S.-based AML advisory and financial crime consulting firm. This strategic acquisition will further enhance SolomonEdwards' capabilities, allowing the firm to provide a more comprehensive suite of services to its financial services clients.

Company Information

Company

SolomonEdwards

Location

Wayne, Pennsylvania, United States

About

SolomonEdwards is a national professional services firm focused on strategy execution. By providing exceptional people for complex situations, we deliver subject matter expertise, apply proven project delivery models, and design custom solutions. We focus in the areas of Accounting & Finance, Business Transformation, Governance & Regulatory Compliance, and Transaction & Regulatory Advisory Services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed