Balentine has acquired Valuation Growth Advisory in an all-stock transaction, expanding the independent wealth manager’s business advisory capabilities for entrepreneurs and multigenerational families. Balentine advises on more than $9 billion in assets.
Valuation Growth Advisory founder Tom Matthesen will become Head of Business Advisory within Balentine’s Family Office Solutions group.
The acquisition is intended to further integrate business advisory with wealth management for clients whose operating companies represent a substantial portion of their wealth.
Matthesen brings more than three decades of experience helping middle-market companies improve performance, optimize capital structures, navigate financing, strengthen leadership teams and prepare for succession.
His career includes corporate lending, turnaround management, debt and equity advisory and executive leadership.
He previously founded and exited a specialty finance company, served as CEO of Presidential Financial Corporation through a turnaround and eventual sale to MidFirst Bank and served as President of Thrive Farmers.
The acquisition expands Balentine’s Family Office Solutions capabilities across business advisory, investment management, private capital and family stewardship.
KEY QUOTES:
“The acquisition of VGA will allow us to double-down and amplify what is working for Balentine and missing from many of our peer firms.”
Mark Bell, Chief Strategy Officer And Head Of Family Office Solutions At Balentine
“Together, we’re helping owners not only build more valuable businesses, but connect those businesses to the lives, families, and legacies they’re working to create.”
Tom Matthesen, Head Of Business Advisory At Balentine
