Santa Cruz, CA – Financial Research Associates LLC (FRA), organizers of highly specialized conferences in the finance and healthcare sectors, has been acquired by Britain’s Wilmington plc for $20.6 million.
“FRA is a quality business with excellent market positions,” said Wilmington CEO Pedro Ros. “This earnings-enhancing acquisition provides Wilmington with new networking opportunities and capabilities within our financial and healthcare areas.”
FRA, based in Santa Cruz, CA, has a portfolio of 80 events and provides Wilmington with a wider international audience. Wilmington is considering opportunities to expand FRA’s brand overseas. FRA also has a database of financial professionals numbering around 900,000 names as well as 300,000 healthcare contacts.
Wilmington also plans to tie FRA in with its existing Compliance Week conference.
Berkery Noyes represented FRA in the negotiations.