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Broadstreet Acquisition Of Phoenix Financial Services

Greenville-Based Private Equity Firm, Broadstreet, Inc., Expands Portfolio with Acquisition of Ownership in Broker-Dealer enterprise

GREENVILLE, S.C – September 19, 2023 – Broadstreet, Inc., a Greenville-based private equity firm, is proud to announce the execution of an agreement for the acquisition of a substantial interest in a broker-dealer related enterprise operating under the name of Phoenix Financial Services (“Phoenix”).

Phoenix, with offices located in the heart of New York City’s financial district as well as Ft. Lauderdale, Florida and Long Island, New York specializes in personalized investment services for both individuals and institutions, along with comprehensive wealth management and retirement planning solutions.

“We are enthusiastic about our new opportunity with Phoenix, as we believe our collaboration will propel its growth trajectory and enable us to continue our growth as a private equity and diversified business operations company,” said David Feingold, CEO of Broadstreet, Inc.

This strategic acquisition marks the latest addition to Broadstreet’s dynamic list of businesses in which it participates. Broadstreet has become one of the largest private equity operations in the Carolinas by focusing on businesses that will help its expansion into a broad range of real estate, finance, insurance and related industry products.

Kevin Chen, CEO of Phoenix commented, “At Phoenix, our unwavering commitment has always been to provide exceptional service to our clients and help them achieve their financial goals. Broadstreet boasts an impressive track record of deals and we are pleased to be associated with such a fine institution. We are excited to entrust Broadstreet with guiding Phoenix Financial to new heights. Together, we will build upon our comprehensive financial services and embark on a journey of accelerated growth, harnessing Broadstreet’s assistance.”



Broadstreet is a private equity firm based in Greenville, S.C. with an impressive track record of identifying promising growth sectors for capital investments. The company has achieved approximately $3 billion in transactions and more than 600 people associated in the businesses it controls. Broadstreet is also one of the largest players in the land infrastructure industry in the Carolinas with more than 40 projects and it expects to eventually help develop approximately 30,000 home sites. The firm’s significant development business has allowed expansion to ancillary opportunities.






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