Industry Bulletins | December 4, 2017
PNC Bank Announces To Acquire The Trout Group, LLC
PNC Bank (PNC) recently announced it has entered an agreement to acquire The Trout Group, LLC. Once the acquisition closes in December, Trout will be combined with Solebury Communications, a wholly-owned subsidiary of PNC, and be renamed Solebury Trout Communications. The terms of the purchase have not been disclosed.
The acquisition continues to build upon PNC’s strategy of building up a large communications and advisory practice in order to provide its consumers long-term relationship-based advice. Statements from PNC have expressed expectations that the acquisition will enhance the value it brings to consumers by offering investor relations . . .