Vanguard Buys Altruist for $4 Billion, Plus Nine More Big M&A Deals of the Week
Trending Topics 1 month ago 36
Vanguard Group agreed to acquire Altruist in a deal that would make Altruist a standalone business while expanding Vanguard’s reach into the independent RIA custody market. The acquisition is worth approximately $4 billion. The week’s other large M&A announcements also reshuffle dealmaking across defense, cloud data tooling, SAP consulting, and multiple AI-focused companies (including one tied to Nvidia’s open-weight AI push).