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New Deal


Announced

Completed

MAI Capital Management completed the acquisition of Prime Investment Advisors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

financial planner

Acquisition

Diversified Financials

Private Equity

Majority

Completed

United States

Private

Friendly

Single Bidder

Synopsis

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MAI Capital Management, an investment adviser, completed the acquisition of Prime Investment Advisors, a financial planning company. Financial terms were not disclosed. “The continued growth of MAI’s Mid-Atlantic region is a testament to the diligent work of the MAI teams throughout our various locations. The addition of the Prime team will expand MAI’s vast industry knowledge, benefitting both existing and future clients. Stephen Polan brings over 30 years of industry knowledge and experience that will be a great asset to MAI. Additionally, his extensive knowledge in tax-planning will strengthen our tax practice," Rick Buoncore, MAI Managing Partner.

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