Mariner Holdings, a US-based financial services firm, has acquired investment banking firm Allied Business Group.
The acquisition of Allied will enable Mariner to better serve its HNW clients by offering a wide range of services, including the ability to implement a strategic business exit strategy and advice on private investment opportunities.
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Under the terms of the deal, Mariner will offer recruiting resources to assist Allied in growing its practice by hiring professionals with experience in forensic accounting, business valuation, and investment banking.
The partnership with Allied will provide investment banking, valuation advisory, and forensic accounting support services to Mariner Holdings.
Terms of the transaction were not yet disclosed.
Martin Bicknell, CEO of Mariner Holdings, said: "We have long recognized a need among our clients who own businesses for additional support in the areas of business valuation and exit strategy planning. By offering these services through Allied, we are providing our clients with access to industry-leading services and advice."
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By GlobalDataTim Skarda, founder of Allied, said: "This relationship will provide opportunities for growth for both of our organizations. Most importantly, it will allow both Mariner and Allied to better serve our clients by combining our extensive expertise in developing solutions specifically to meet client needs."
Mariner Holdings has more than $28 billion in total assets under management.
