M&A advisory · 2023
A disciplined bolt-on acquisition
Gallery Financial
96%
Adviser retention
+11%
Synergies vs plan
On time
Integration
Overview
Commercial diligence and integration planning for a mid-market financial services firm acquiring a complementary advisory business.
The challenge
Gallery had a strong thesis but a weak track record on integration — its last two deals had lost key people and underdelivered on synergies. The board wanted assurance the numbers were real and a plan that would actually capture them.
Our approach
We validated the revenue and cost synergies bottom-up, tested client and adviser retention risk, and built a hundred-day integration plan with clear owners, milestones, and a retention package for the people who mattered most.
The outcome
The deal closed on revised terms and retained 96% of key advisers through the first year. Realized synergies came in ahead of the underwriting case and the integration finished on schedule.
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