At a glance
- Blue Spark is Apella's 30th acquisition since 2014, and MCS is Waverly's 37th since a 2021 minority investment.
- Trinity Investments closed a $210 million deal with JLL Capital Markets and Citi.
- Pearlmark closed an $81 million deal with Empira Group.
Apella Wealth and Waverly Advisors each announced a wealth-management acquisition on Oct. 16, which we size at $261 million for Blue Spark Capital Advisors and $151 million for MCS Family Wealth Advisors. The two deals total $412 million.
Blue Spark is Apella's 30th acquisition since 2014, and MCS is Waverly's 37th since a 2021 minority investment.
Four real estate deals closed in the same window and total $407.5 million, just under the $412 million from the two wealth-management transactions. Trinity Investments closed a $210 million deal with JLL Capital Markets and Citi. Pearlmark closed an $81 million deal with Empira Group. Hudson Pacific Properties, TMG Partners and KKR closed a $75.5 million deal involving Skyport Plaza, and PCCP and Foulger-Pratt closed a $41 million deal involving Tenney North Park.
Two wealth-management deals vs. four real estate closings, Oct. 16
Announced and closed deal sizes, in millions
- Blue Spark Capital Advisors (Apella)$261M
- Trinity Investments (JLL, Citi)$210M
- MCS Family Wealth Advisors (Waverly)$151M
- Pearlmark (Empira Group)$81M
- Skyport Plaza (Hudson Pacific, TMG, KKR)$75.5M
- Tenney North Park (PCCP, Foulger-Pratt)$41M
Show as table
| Item | Value ($M) |
|---|---|
| Blue Spark Capital Advisors (Apella) | $261M |
| Trinity Investments (JLL, Citi) | $210M |
| MCS Family Wealth Advisors (Waverly) | $151M |
| Pearlmark (Empira Group) | $81M |
| Skyport Plaza (Hudson Pacific, TMG, KKR) | $75.5M |
| Tenney North Park (PCCP, Foulger-Pratt) | $41M |
Reported by the Deals & PE desk from PWD deal tracking, 48-hour window and RIA deal coverage (Apella/Blue Spark, Waverly/MCS). Published . Corrections