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Aspen Standard acquires SKY Investment Group for $880m

Jul 09, 2025•about 1 month ago

Acquiring Company

Aspen Standard

Acquired Company

SKY Investment Group

New YorkHartfordFinanceFinancial ServicesAngel Investment

Description

Aspen Standard has successfully acquired SKY Investment Group, a Connecticut-based RIA, for $880 million. This marks Aspen's third acquisition, reflecting its commitment to long-term growth and stability in the financial services sector. The deal underlines Aspen's strategy to focus on enhancing its business infrastructure and investing in talent. CEO Aly Kassim-Lakha emphasizes the firm's indefinite time horizon for investments.

Company Information

Company

Aspen Standard

Location

New York, New York, United States

About

Aspen Standard is a financial services firm focused on wealth management and investment advisory. It aims to provide sustainable value through its acquisitions and organic growth strategies. The firm emphasizes a long-term approach with an indefinite time horizon. Aspen Standard has a commitment to enhancing its technological infrastructure and team capabilities.

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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