M&A
confidence high
sentiment neutral
materiality 0.50
P10 files financial statements for acquired Westech; WTI had $109M revenue in 2021
Ridgepost Capital, Inc.
- Westech Investment Advisors reported net income of $78.3M in 2021 on $109.1M total revenue.
- Management fees were $31.9M and carried interest was $58.1M for the year ended Dec 31, 2021.
- Acquisition of all Westech membership interests closed on October 13, 2022; pro forma financials filed.
- Westech's total assets at Dec 31, 2021 were $41.0M, members' equity $29.0M.
- Filing amends initial 8-K to include audited 2021 and unaudited 2022 financial statements.