Oak Hill Capital will acquire an equity stake in Mercer Advisor from current private equity owners Genstar Capital and Lovell Minnick Partners.
Mercer Advisors is one of the largest independent wealth managers in the United States, serving clients with a focus on the mass affluent and high net-worth markets. Based in Denver, Mercer Advisors has a national footprint with 44 offices and over 370 employees. The vompany has nearly 35 years of wealth management experience and differentiates itself as a total wealth manager serving investors as a fiduciary and providing a broad range of services including financial planning, investments, estate planning and tax planning and preparation services.
Under Genstar's and Lovell Minnick's ownership since Genstar's original investment in 2015, Mercer Advisors' assets under management (AUM) has grown dramatically, driven by addition of new client assets and acquisitions of other advisory firms from less than $5.8 billion in AUM to over $16.5 billion in AUM.
