Gary Wilder

Background

About Gary Wilder

Kingswood Acquisition Corp. and Wentworth Management Services LLC Announce Completion of Merger and Launch of Binah Capital Group NEWS PROVIDED BY Kingswood Acquisition Corp. 19 Mar, 2024, 08:30 ET With Completion of Transaction, Wentworth Management Services Merges with Kingswood Acquisition Corp. to Create Binah Capital Group Leading Wealth Management Enterprise with Approximately $23 Billion in AUM and a pro forma enterprise value of $208 million to be Publicly Traded as BCG on NASDAQ NEW YORK, March 19, 2024 /PRNewswire/- Kingswood Acquisition Corp.(OTCE: KWAC)("KWAC"), announced today the successful completion of its merger with Wentworth Management Services LLC ("Wentworth"). Wentworth has merged with KWAC to create Binah Capital Group ("Binah Capital"), a leading independent wealth management enterprise that will become a publicly traded company. The newly launched entity will be listed on the NASDAQ Global Market, trading under the tickerNASDAQ: BCG and the warrants are expected to begin trading under the new ticker symbol "BCGWW" on the Nasdaq Capital Market. The transaction's completion enables Wentworth, a broker-dealer aggregator, to go public, with KWAC and Wentworth becoming wholly owned subsidiaries of Binah Capital Group, Inc. The company has a pro forma enterprise value of $208 million, encompasses approximately 1,900 individuals working within the financial services industries, and approximately $23 billion in assets under management. The UK-based KPI Group, an internationally focused investment partnership specializing in both private equity and credit investment strategies, wholly owned, controlled and managed by Gary Wilder, who served as Executive Chairman of KWAC, and Jonathan Massing, was the largest founder partner of KWAC.