ACA Group to Acquire UMB Financial Corp's UMB Distribution Services, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
ACA Group is set to acquire UMB Financial Corp's UMB Distribution Services, expanding ACA Foreside's distribution capabilities. The transaction, expected to close in Q4 2024, will introduce over $48 billion in client assets to ACA.
May 30, 2024 | 10:02 am
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ACA Group's acquisition of UMB Financial Corp's UMB Distribution Services will allow UMB to focus on its core competencies while maintaining client relationships through its core lines of business.
The acquisition allows UMB Financial Corp to streamline its focus on core competencies, which could lead to improved operational efficiency and potentially better financial performance.
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