A raft of hires and and expansion moves and now, the new Rockefeller business agrees its first M&A deal.

A year after Rockefeller Capital Management’s creation was announced, the firm has agreed its first business acquisition, snapping up Greenwich, Connecticut-based Greer Anderson Capital. The deal follows a run of high-profile hires and, as revealed a few days ago, plans to open for business in Florida with a senior hire.

The newly-acquired firm, which serves ultra-high net worth individuals, is led by Philip Greer and Gary Anderson. Financial terms of the transaction were not disclosed. 

The newest joiners of the  Rockefeller Capital Management operation bring a range of experience to the table. Before co-founding Greer Anderson, Greer was a founder and senior managing partner of Weiss Peck & Greer, which managed more than $20 billion of assets and was sold to Holland-based Robeco in 1998. He remained with the firm until 2002. Greer has served on a number of company boards, including The Robert Mondavi Corporation and FedEx, in which he was an early-stage investor. Anderson had served as Greer Anderson’s chief investment officer and managing partner since it was founded 10 years ago. He used to be director of investments for the Tulane University Endowment.

“This is Rockefeller’s first acquisition and illustrative of our strategy to add companies that serve similar clientele with the finest thinking, advice and service,” Gregory J Fleming, president and CEO of Rockefeller Capital Management, said.

At the end of September, Rockefeller had about $18.6 billion in assets under advisement. Last October, Rockefeller Financial Services, alongside Fleming, who is a banking and investment veteran, announced that it was launching Rockefeller Capital Management. 

The new organization concentrates on wealth management, asset management and strategic advisory. 

Fleming, who was president of Morgan Stanley Wealth and Asset Management, has taken a number of senior former colleagues with him to the new business. Viking Global Investors LP is backing RCM through an investment by one of its funds.