Business Services Industry
Ryan, Beck purchases Gruntal assets - Big Deals
South Florida CEO, June, 2002
New Jersey-based Ryan, Beck & Co., a unit of Fort Lauderdale-based BankAtlantic Bancorp, has purchased most of the assets of Gruntal & Co.'s capital markets units for an undisclosed sum. The deal quadruples the size of Ryan Beck's brokerage business, to almost $19 billion in assets and more than 600 account executives in 34 offices across the country.
In other BankAtantic news, the firm's real estate arm recently purchased 40 percent of a Boca Raton timeshare developer, Blue-green Corp., for $57 million.
COPYRIGHT 2002 Americas Publishing Group
COPYRIGHT 2003 Gale Group
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