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Kingswood (KWAC) to Combine with Wentworth Management Services LLC

Kingswood (KWAC) to Combine with Wentworth Management Services LLC

Kingswood (NYSE:KWAC) has entered into a definitive agreement to combine with broker-dealer aggregator Wentworth Management Services LLC at a pro forma enterprise value of $208 million. New York City-based Wentworth Management Services LLC specializes in consolidating independent broker-dealers to capture economies of scale needed. It and Kingswood are to become wholly-owned subsidiaries of Binah Capital Group
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