Genstar to Buy Mercer Advisors from Lovell Minnick
March 26, 2015
Genstar Capital has agreed to acquire a majority interest in wealth management firm Mercer Advisors from Lovell Minnick Partners. The transaction is expected to close in 2Q. Established in 1985, Mercer primarily serves mass-affluent and high-net-worth clients, boasting a client base that has nearly $6 billion in combined assets. Lovell Minnick has backed the company since May 2008.