After making recent waves with retail acquisitions, Nicholas Schorsch's RCS Capital Holdings is adding a wholesale broker-dealer to its growing portfolio of financial services businesses.
RCS said Tuesday that it has entered into a purchase agreement for $80 million to buy a wholesale broker-dealer and an advisory firm focused on alternative investments -- SC Distributors and Strategic Capital Advisory Services, respectively -- from Validus Strategic Capital Partners, a Tampa, Fla.-based boutique investment firm.
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