Genstar Capital to Acquire Majority Stake in Mercer Advisors

Mar 25 2015 | 12:21pm ET

Mid-market private equity firm Genstar Capital announced it has signed an agreement to partner with management in acquiring a majority interest in Mercer Advisors from private equity firm Lovell Minnick Partners.

The transaction is expected to be completed in the second quarter of 2015. 

Mercer is a registered investment advisor with a suite of wealth management services and more than 30 years of experience. The company services primarily the mass-affluent and high-net-worth clients and has a base of individual clients with assets of nearly $6 billion.

"This acquisition benefits our clients and employees, as well as the long-term strategy of our firm and provides for continuing a renewed private equity partnership first established with Lovell Minnick," said David H. Barton, President and CEO of Mercer Advisors. "Genstar has a long history of supporting its portfolio companies and shares our belief in a client-centric culture and holistic service model.  Genstar's capital investment will allow us to further invest in growth, both organically and through acquisitions, and elevate the value proposition we offer our current and future clients."

Genstar Capital is based in San Francisco and has been actively investing in high quality companies for more than 20 years. The firm manages funds with total capital commitments of more than $3 billion and targets investments focused on selected sectors within the financial services, software, healthcare, and industrial technology industries.

"Genstar has followed Mercer Advisors for a number of years, and this investment demonstrates our continued commitment to investing in targeted growth segments within the financial services industry," said Anthony J. Salewski, Managing Director of Genstar. "Mercer has delivered consistent growth over the past several years, and we look forward to partnering with Dave and his management team to accelerate that trajectory."

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