Private-equity firm acquires stake in Mercer Advisors

Genstar will remain an investor and partner in Mercer

Sep 17, 2019 @ 2:05 pm

By Ryan W. Neal

Private-equity firm Oak Hill Capital is buying a stake in Mercer Advisors, a registered investment adviser with $16.5 billion assets under management, from current owners Genstar Capital and Lovell Minnick Partners.

When Genstar first invested in the firm in 2015, Mercer managed less than $5.8 billion. Under Genstar and Lovell Minnick's ownership, Mercer completed 23 acquisitions of other advisory firms, most recently a $300 million firm in Woodbridge, Conn.

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Based in Denver, Mercer is the largest fee-only RIA in the state of Colorado and one of the largest fee-only RIAs in the U.S.

Genstar will be staying on as an investor and partner, Mercer CEO Dave Welling said in a statement.

[More: Lessons learned from 21 deals]

"Our future is even brighter with Oak Hill being added as a strategic investor," Mr. Welling added

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