Blucora Acquires Tax-Focused Wealth Management Firm 1st Global

Blucora, Inc., announced this week that it has closed its acquisition of tax-focused wealth management company 1st Global. The final purchase price was $180 million, funded with a combination of cash on hand and an add-on of $125 million to Blucora’s existing credit facility (due in 2024). This acquisition bolsters Blucora’s already significant presence in the tax preparation and advisory services sector...