Raymond James Financial, Inc. (NYSE:RJF) agreed to acquire SumRidge Partners, LLC on March 28, 2022. Raymond will utilize cash on hand to fund the acquisition. SumRidge Partners will operate within Raymond's Capital Markets segment upon completion of the acquisition. SumRidge Partners will operate within FICM under the leadership of Tom O'Brien and Kevin Morano. The transaction is subject to certain regulatory and other closing conditions. The transaction is expected to close in our fiscal fourth quarter of 2022. Piper Sandler served as financial advisor and Gunderson Dettmer served as legal advisor to SumRidge Partners. David E. Barrett, Glen Barrentine, Michael P. Flamenbaum, David Gallai, Santo Manna, Susan Linda Ross, Amanda Wait and Andrew Eklund of Norton Rose Fulbright US LLP acted as legal advisor to Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE:RJF) completed the acquisition of SumRidge Partners, LLC on May 30, 2022.