PE Deals

PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard

Denver-based Mercer is a wealth management and financial planning firm.

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  • Day & Ennis was founded in 1998 by John R. Day while Mallard was founded in 1996 by Paul Baumbach
  • Currently, Day & Ennis has about $400 million assets under management and Mallard has about $180 million assets under management
  • Mercer was established in 1985

Mercer Global Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired two wealth management firms: Macon, Georgia-based Day & Ennis and Newark, Delaware-based Mallard Financial Partners, Inc.

Denver-based Mercer is a wealth management and financial planning firm.

Day & Ennis was founded in 1998 by John R. Day. Currently, Day & Ennis has about $400 million assets under management.

Mallard was founded in 1996 by Paul Baumbach. Currently, Mallard has about $180 million assets under management.

Mercer was established in 1985.