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Merit acquires $291 million Atlanta-area firm

Merit acquires $291 million Atlanta-area firm
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Merit Financial Group enters partnership to boost M&A growth


Merit Financial Group enters partnership to boost M&A growth
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Merit Financial Group, an Alpharetta, Ga.-based hybrid registered investment adviser, entered into a strategic partnership to help drive the firm s acquisition efforts and organic growth, it said Monday in a news release.
Merit received an investment from financial-services holding company Wealth Partners Capital Group, Palm Beach, Fla., and a group of supporting investors led by HGGC, a middle-market private equity firm based in Palo Santo, Calif., the news release said.
The investment sum was not disclosed, a Merit spokeswoman said in an email.
Merit partnered with (Wealth Partners Capital Group) in December 2020 to accelerate the firm s growth and help it achieve its objective of expanding its geographic reach, adding in-house expertise and supporting a larger group of advisers, the spokeswoman said. WPCG and HGGC together hold a minority, non-controlling interest in M ....

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