U.S.-based corporate services company Broadridge Financial Solutions, Inc. has agreed to acquire RPM Technologies, a Canadian enterprise wealth management software solutions and services provider, for $300 million.
The acquisition will see the addition of RPM Technologies on Broadridge's Canadian wealth management division.
With the transaction, Broadridge will strengthen its Global Technology and Operations unit, which serves capital markets, wealth management, and asset management firms.
The deal is expected to close subject to completion of an intercompany reorganization by RPM Technologies and standard customary closing conditions.