M&A Deal Summary

MAI Capital Acquires Carmichael Hill

On December 9, 2024, MAI Capital acquired financial services company Carmichael Hill

Acquisition Highlights
  • This is MAI Capital’s 6th transaction in the Financial Services sector.
  • This is MAI Capital’s 13th transaction in the United States.
  • This is MAI Capital’s 4th transaction in Maryland.

M&A Deal Summary
Date 2024-12-09
Target Carmichael Hill
Sector Financial Services
Buyer(s) MAI Capital
Deal Type Add-on Acquisition
Advisor(s) Turkey Hill Management (Financial)

Target

Carmichael Hill

Gaithersburg, Maryland, United States
Carmichael Hill provides tailored retirement planning and financial services. Carmichael Hill was founded in 1989 and is headquartered in Gaithersburg, Maryland.

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Buyer(S) 1

Buyer

MAI Capital

Cleveland, Ohio, United States
Category Company
Sector Financial Services
DESCRIPTION

MAI Capital is a fee-based wealth management firm providing planning and investment advisory services. MAI’s investment, planning, and tax professionals will collaborate to develop, implement and monitor a financial plan tailored to meet unique and individual needs. MAI Capital is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 14 of 14
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 14 of 14
State (Maryland) 4 of 4
Country (United States) 13 of 13
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Halpern

Ashburn, Virginia, United States

Halpern is an independent fiduciary and registered investment advisor with $1.2 billion in client assets under management as of September 30, 2024. Halpern is based in Ashburn, Virginia.

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