M&A Deal Summary

MAI Capital Acquires Halpern

On October 7, 2024, MAI Capital acquired financial services company Halpern

Acquisition Highlights
  • This is MAI Capital’s 5th transaction in the Financial Services sector.
  • This is MAI Capital’s 12th transaction in the United States.
  • This is MAI Capital’s 1st transaction in Virginia.

M&A Deal Summary
Date 2024-10-07
Target Halpern
Sector Financial Services
Buyer(s) MAI Capital
Deal Type Add-on Acquisition

Target

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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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 13 of 14
Sector (Financial Services) 5 of 6
Type (Add-on Acquisition) 13 of 14
State (Virginia) 1 of 1
Country (United States) 12 of 13
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Harbor Wealth Management

Boulder, Colorado, United States

Harbor Wealth Management advises private individuals and families, businesses, company retirement plans, and private foundations on all aspects of investment and wealth management. Harbor Wealth Management was founded in 1988 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 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.

Buy -
Mergr

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