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Broadridge Financial to acquire RPM Technologies in $300M deal

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Broadridge Financial to acquire RPM Technologies in $300M deal

Broadridge Financial Solutions Inc. agreed to acquire Canada-based RPM Technologies Inc., a provider of wealth management software solutions and services, for roughly $300 million.

The current owners of RPM Technologies include Bayshore Capital Inc.

Broadridge Financial Solutions, which provides investor communications services and financial technology solutions, expects the deal to add $40 million to $50 million to its fiscal year 2020 revenues but does not expect it to have any material impact to its adjusted EPS.

The closing of the deal is subject to the completion of an intercompany reorganization by RPM Technologies and other customary closing conditions.

RBC Capital Markets is Broadridge's exclusive financial adviser, while Canaccord Genuity Corp. is RPM Technologies' exclusive financial adviser in connection with the deal.