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Marshberry, an Ohio-based M&A consultancy active in the insurance and wealth management sectors, is slated to become part of investment bank and advisory Lincoln International.
Chicago-based Lincoln has signed an agreement to acquire MarshBerry to bolster its position in the financial services sector, including insurance brokerage, distribution and wealth management. The deal is subject to regulatory approval. Financial terms of the deal were not disclosed.
Marshberry was founded in 1981 by Larry Marsh and Bob Berry. Over the years, it built its practice to offer capital raising, investment banking, consulting and growth advice, and market intelligence, among other services.
Chairman and CEO John Wepler joined the firm in 1991 as a financial analyst and climbed to the top job over a decade ago. He now oversees offices in six U.S. cities and three European locations with about 78 employees.
Lincoln CEO Rob Brown said in a statement that Lincoln will be “welcoming all of the Marshberry people” to the firm. The firm will not change Marshberry’s name brand after the deal closes, but will develop a new brand strategy after integration.
“Joining Lincoln will allow us to enhance our services and pursue new market opportunities with greater scale and resources,” Wepler said in a statement.
Managing Director Kim Kovalski, Vice President Rob Madore and Director John Orsini are active in the RIA deal sector, including publishing deal updates to the market.
Lincoln has about 1,000 employees globally and works with public and private companies, private equity firms and their portfolio companies. Its offerings include M&A consulting, private funds and capital markets advice and valuations.
“This acquisition aligns seamlessly with our vision of becoming the leading advisor in the private capital markets,” Brown said in a statement. “By combining our strengths, we will not only expand our service offerings but will enhance the ways we support our clients as we navigate the dynamic insurance and wealth management sectors.”
Investment firm Atlas Merchant Capital will sell its interest in Lincoln as part of the deal.
Keefe, Bruyette & Woods, A Stifel Company, and Solomon Partners advised Marshberry on the deal.
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