Mergers & Acquisitions

Mercer Advisors Onboards $523 Million KWAG Team

By Amit Chowdhry ● Oct 6, 2024

Mercer Global Advisors, a national Registered Investment Adviser (RIA), announced the acquisition of Kiely Wealth Advisory Group (KWAG) of North Carolina.

Beacon Pointe Assets Under Advisement Nears $37 Billion Through Latest Acquisitions

By Amit Chowdhry ● Oct 6, 2024

Beacon Pointe Advisors has revealed its latest acquisitions of Bridge Advisory with offices in Pasadena, CA, and Newport Beach, CA, and Charleston Investment Advisors in Mt. Pleasant, SC. Bridge Advisory oversees approximately $460 million, and Charleston Investment Advisors manages $140 million in client assets. This brings Beacon Pointe’s total assets under advisement to just under $37 billion, resulting in four total RIA transactions in 2024 so far.

MrBeast Acquires Creator Hiring Platform Company Vouch

By Amit Chowdhry ● Oct 6, 2024

Vouch, a hiring platform for creators, announced an acquisition by MrBeast. Launched by four-time creator economy founder Marty Pesis, the company has created a network matching 35,000+ candidates with hundreds of jobs from top creators such as Yes Theory, Jesser, Stokes Twins, Safiya Nygaard, Danny Duncan, AMP, etc. MrBeast plans to use Vouch for supercharging internal hiring efforts before continuing to scale it externally.

Wealth Enhancement Group Acquires $2.39 Billion FinTrust Capital Team

By Amit Chowdhry ● Oct 4, 2024

Wealth Enhancement Group (a national independent wealth management firm with over $94.7 billion in client assets) announced the acquisition of FinTrust Capital Advisors, which is a hybrid RIA headquartered in Greenville, South Carolina, with additional office locations in Anderson, South Carolina, and Athens, Georgia. This team of 14 advisors and 13 support staff oversees more than $2.39 billion in client assets and is led by Chief Investment Officer Allen Gillespie, CFA.

Marsh McLennan Buying McGriff Insurance Services In $7.75 Billion Deal

By Amit Chowdhry ● Oct 3, 2024

Marsh McLennan - a leader in risk, strategy, and people - announced that it reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, an affiliate of TIH. And McGriff is a provider of insurance broking and risk management services in the United States, with $1.3 billion of revenue for the trailing 12 months ended June 30, 2024. The deal will enhance Marsh McLennan Agency’s capabilities across commercial property and casualty, employee benefits, management liability, and personal lines.

Marex Buys Spain-Based Biofuels Company Dropet

By Amit Chowdhry ● Oct 3, 2024

Marex Group, a diversified global financial services platform, announced the completion of its acquisition of Dropet, a Spanish biofuels company. This acquisition expands Marex's range of renewable products as it continues to grow its global environmental products business. This acquisition is aligned with Marex’s strategy to diversify its business and increase earnings resilience.

Epicor Buys Solenium Group And Visual SKUs To Build Solutions For The Automotive Aftermarket

By Amit Chowdhry ● Oct 3, 2024

Epicor, a leader of industry-specific enterprise software to promote business growth, announced it has acquired Solenium Group and its sister company, Visual SKUs. Both are long-standing Epicor partners and leading providers of Product Information Management (PIM) and Digital Asset Management (DAM) solutions for the Automotive Aftermarket.

Bain Capital Completes PowerSchool Acquisition In $5.6 Billion Deal

By Amit Chowdhry ● Oct 3, 2024

PowerSchool Holdings, a leading provider of cloud-based software for K-12 education, announced the closing of its acquisition by Bain Capital for $22.80 per share in cash, representing a total enterprise value of approximately $5.6 billion.

Meketa Investment Group: $2 Trillion In AUA Surpassed

By Amit Chowdhry ● Oct 3, 2024

Meketa Investment Group - a global investment consulting and fiduciary management (OCIO) firm - announced the firm recently crossed $2 trillion in assets under advisement, serving over 250 clients. To support new client growth, the firm has added two consultants. Steve Voss joined the firm as a shareholder, managing principal, and consultant.

D Cubed Group Closes Sale Of KPS Global To Viessmann Generations

By Amit Chowdhry ● Oct 3, 2024

D Cubed Group, a long-duration private market investor backed by high-net-worth business founders and executives, announced the successful closing of its sale of KPS Global (KPSG), the leading provider of custom insulated panel systems, to Viessmann Generations Group.

KPS Capital Partners To Buy Catalyst Acoustics

By Amit Chowdhry ● Oct 3, 2024

KPS Capital Partners announced that it has signed a definitive agreement to acquire Catalyst Acoustics Group through a newly formed affiliate. The Stephens Group is a portfolio company of KPS Capital Partners and a leading independent designer and manufacturer of engineered acoustical solutions. The transaction is expected to be completed in the fourth quarter of 2024 and is subject to customary closing conditions and approvals.

Dynasty Financial: $700 Million MATAURO Team Onboarded With Independence

By Amit Chowdhry ● Oct 3, 2024

Dynasty Financial Partners announced that MATAURO has joined its high-quality platform of technology-driven independent wealth management tools and services. With independence, MATAURO can offer tailored advice and strategies aligning with each client’s financial goals.

Waud Capital Partners Buying Science Exchange To Drive Life Sciences Innovation

By Amit Chowdhry ● Oct 2, 2024

Waud Capital Partners, a growth-oriented middle-market private equity firm specializing in the software and technology and healthcare sectors, announced the acquisition of Science Exchange - which is a leading provider of life sciences procurement and supplier management SaaS solutions. This deal marks a major milestone in Science Exchange’s journey and will enhance the company’s impressive performance, growth trajectory, and software capabilities. Plus, Waud Capital’s partnership will enable the company to accelerate its mission to transform the purchasing and supplier orchestration landscape for life sciences organizations.

TPG Rise Climate Buying Techem For About €6.7 Billion

By Amit Chowdhry ● Oct 2, 2024

TPG Rise Climate, a dedicated climate investing strategy of TPG’s global impact investing platform, and GIC signed a deal to acquire Techem Group. The company will be acquired from its previous majority owner Partners Group (acting on behalf of its clients and co-investors CDPQ and Ontario Teachers' Pension Plan).

Raymond James Brings In $130 Million The Woodlands-Based Financial Advisor

By Amit Chowdhry ● Oct 2, 2024

Edward Sudzina, Western Gulf regional director for Raymond James & Associates (RJA), has welcomed financial advisor Miguel Velázquez to the firm's employee advisor channel in The Woodlands, Texas.

MAI Capital Management Onboards $238 Million Bolan Team

By Amit Chowdhry ● Oct 2, 2024

MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Bolan Capital Management (BCM). The terms of the deal were not disclosed.