Houlihan Lokey Acquires 7 Mile Advisors For Undisclosed Sum
Portfolio Pulse from Akanksha Bakshi
Houlihan Lokey, Inc. (NYSE:HLI) has agreed to acquire 7 Mile Advisors (7MA), an independent advisory firm specializing in IT services. The acquisition will enhance Houlihan Lokey's IT services coverage capabilities and expand its geographic footprint with an office in Charlotte, North Carolina. The deal is expected to be completed this quarter.
July 10, 2023 | 2:42 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Houlihan Lokey's acquisition of 7 Mile Advisors will enhance its IT services coverage and expand its geographic footprint. The deal is expected to close this quarter.
The acquisition of 7 Mile Advisors will enhance Houlihan Lokey's IT services coverage capabilities, which could potentially lead to increased revenues. Additionally, the expansion of its geographic footprint could open up new markets for the company. This news is highly relevant to HLI as it directly involves the company's strategic growth plans. The importance is high as the acquisition could significantly impact the company's future performance. The confidence in this analysis is high based on the information provided in the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100