Madison Dearborn Partners-backed Nichols Cauley to merge with Partners Risk Services and JGH Consulting.

Madison Dearborn Partners-backed Nichols Cauley, an accounting and advisory firm, agreed to merge with Partners Risk Services, an independent insurance brokerage, and JGH Consulting, a transaction advisory firm. Financial terms are not disclosed. "We are delighted to be supporting this innovative combination of three leading complementary financial services businesses into one synergistic platform. We look forward to working closely with the platform leadership and the broader team on their mission to deliver a unified service offering to clients across the Southeast U.S. and beyond,” Vahe Dombalagian, MDP Managing Partner and Co-Head of Financial Services.