Haynes and Boone Represents Blucora in Acquisition of HK Financial Services


A Haynes and Boone, LLP team represented Blucora Inc. in its acquisition of HK Financial Services, a fast-growing, CPA-focused registered investment advisor, for an upfront purchase price of $100 million.

The acquisition closed July 1, 2020, Blucora announced.

Based in Irving, TX, Blucora provides tax-smart financial solutions that empower people’s goals. It operates in two segments, including wealth management, through its Avantax Wealth Management business (formerly operating under the HD Vest and 1st Global brands), the leading tax-focused broker-dealer, with $61 billion in total client assets as of March 31, 2010, and tax preparation, through its TaxAct business a market leader in tax preparation software with more than 3 million consumer and 20,000 professional users in 2019.

Haynes and Boone Dallas Partner Jan Sharry and Denver Partner Dan Malone led the team representing Blucora in the transaction. They were assisted by Partners Madelyn Calabrese and Daren Domina and Associates David Lightstone and Omar Shariff.

Haynes and Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $40 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies. The M&A team prides itself on crafting strategic solutions that advance clients’ business objectives by anticipating and evaluating the roadblocks and opportunities that clients face on the way to closing a deal successfully.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Charlotte, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum of legal services in energy, technology, financial services and private equity. With more than 575 lawyers, Haynes and Boone is ranked among the largest U.S.-based firms by The National Law Journal, The American Lawyer and The Lawyer. It also was recognized across the board for excellence in the BTI Consulting Group’s 2020 “A-Team” report, which identifies the law firms that in-house counsel commend for providing superior client service.

Media Contact

Nathan Koppel
Director of Media Relations
+1 512.867.8431

Email Disclaimer