CW Advisors Acquires New Jersey RIA Mercadien Asset Management
18 Julio 2024 - 6:00AM
Business Wire
CW Advisors, LLC (“CWA”), a registered investment advisor
(“RIA”) headquartered in Boston, announced the acquisition of
Mercadien Asset Management, LLC, an RIA located in Hamilton, New
Jersey. Terms of the transaction were not disclosed.
“Ken and his team are outstanding,” said Paul Lonergan, Chief
Executive Officer of CWA. “We are excited to welcome the team and
their clients to CWA. With a strong focus on financial planning and
client service, they are a great asset to the firm.”
The addition of the New Jersey location enhances CWA’s already
robust presence in the Mid-Atlantic. Hamilton joins CWA's offices
in Wynnewood, Pennsylvania and Columbia, Maryland. CWA now has nine
offices across the United States with 92 employees and over $8.8
billion of assets under management.
"CWA’s philosophy and platform make them the perfect partner to
continue providing quality service and an expanded offering to our
clients,” noted Ken Kamen, President of Mercadien Asset Management,
LLC.
The deal was completed earlier this month and is the third
acquisition for CWA since commencing its partnership with Audax
Private Equity in June 2023.
“Mercadien Asset Management represents an ideal partner to work
with to expand our platform for high-net-worth and
ultra-high-net-worth clients,” added Scott Dell’Orfano, Chief
Strategic Officer at CWA. “It has been an exciting summer already
welcoming two firms as we continue to complement CWA’s strong
organic growth with strategic acquisitions that enhance the firm’s
investment and service offerings.”
About CW Advisors
CW Advisors is a Boston-based, SEC-registered investment
advisor, developing innovative wealth solutions for high-net-worth
and ultra-high-net-worth individuals, families, foundations, and
endowments. Registration does not imply a certain level of skill or
training. CW Advisors provides a fully integrated approach to
financial planning and investment consulting and management, with
specialty services tailored to each client’s unique needs to
protect and grow assets through superior service and sound,
objective advice.
About Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New
York, and London, Audax Private Equity is a capital partner for
middle and lower middle market companies that seeks to facilitate
transformational growth through its private equity and strategic
capital strategies. With approximately $19 billion of assets under
management, over 270 employees, and 100-plus investment
professionals, the firm has invested in more than 170 platforms and
1,300 add-on acquisitions since its founding in 1999. Through our
disciplined Buy & Build approach, across six core industry
verticals, Audax helps portfolio companies execute organic and
inorganic growth initiatives that aim to fuel revenue expansion,
optimize operations, and significantly increase equity value. For
more information, visit www.audaxprivateequity.com or follow us on
LinkedIn.
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Kelly O'Neill koneill@cwadvisorsgroup.com