PE Deals

PE-backed Mercer Advisors buys wealth management firm Andesa

Established in 1985, Denver-based Mercer Advisors is a wealth management firm.

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  • Andesa was founded in 2004
  • Mercer Advisors manages over $48 billion in client assets
  • Both Genstar and Oak Hill invest in the middle market

Mercer Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired Andesa Financial Management, an Allentown, Pennsylvania-based wealth management firm.

Andesa was founded in 2004. The firm serves 260 clients with assets under management of approximately $330 million.

On the deal, David Barton, Mercer Advisors Vice Chairman, said in a statement, “Paul and Michael, are highly credentialed planners and have built a very respected business with a deep bench of talent. For Mercer Advisors, the addition of Andesa’s talented team to our service ranks is the most valuable asset of the transaction.”

Established in 1985, Denver-based Mercer Advisors is a wealth management firm. Mercer Advisors manages over $48 billion in client assets.

Both Genstar and Oak Hill invest in the middle market.