Announced
Financials
Tags
Private
Private Equity
Friendly
Acquisition
Pending
Single Bidder
Asset Managers and Custodians
United States
wealth management
Synopsis
Oak Hill Capital acquired a stake in Mercer Global Advisors, a total wealth management firm, from private equity firms Genstar Capital and Lovell Minnick Partners. Financial terms were not disclosed. "Mercer Advisors is a unique integrated registered investment adviser with multiple levers to compound value and is well-positioned to further accelerate its already impressive growth. We are excited to partner with CEO Dave Welling, his outstanding team, and existing investor Genstar to further help the company expand organically and through strategic acquisitions." Steve Puccinelli, Partner of Oak Hill.
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