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Federated Hermes, Inc. Completes Acquisition Of C.W. Henderson & Associates, Inc., A Specialist In Municipal-Bond Sma Products

Oct 03, 2022•almost 3 years ago

Acquiring Company

Federated Hermes

Acquired Company

Federated Hermes

PittsburghPittsburgh

Description

Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced the completion of the acquisition of substantially all of the assets of C.W. Henderson & Associates, Inc., a Chicago-based registered investment advisor specializing in the management of separately managed accounts (SMAs) that invest in tax-exempt municipal securities.

Company Information

Company

Federated Hermes

Location

Pittsburgh, Pennsylvania, United States

About

Guided by our conviction that responsible investing is the best way to create wealth over the long term, Federated Hermes offers investment solutions across a range of asset classes.

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