Acquiring Company
NorthRock Partners
Acquired Company
Parkside Advisors
Description
NorthRock Partners has acquired Parkside Advisors, adding over $800 million in assets under management. This acquisition allows NorthRock to extend its Personal Office® service model to Northern California. Parkside's team will join NorthRock, enhancing its presence in the Bay Area. This marks a significant step for NorthRock as it continues to grow its national footprint.
M&A Insights
Based on deal dataIntegration 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