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Silvercrest Asset Management acquires certain assets of tax services provider

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Silvercrest Asset Management acquires certain assets of tax services provider

SilvercrestAsset Management Group Inc. announced the of certain assets ofCappiccille & Co. LLC, a provider of tax services, for $148,000 in cash.

Silvercrest Asset Management Group on Dec. 15, 2015,executed the asset purchase agreement with Silvercrest LP, Silvercrest AssetManagement Group LLC, Cappiccille & Co. and Michael Cappiccille. Thetransaction closed Jan. 11, according to a regulatory filing. Thecompany determined that the acquisition-date fair value of the contingentconsideration was $354,000, based on the likelihood that certain financial andperformance targets will be achieved. It will make certain earnout payments toMichael Cappiccille.