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November 1, 2021

The Colony Group signs deal to purchase Capital Advisors

By Verdict Staff

The Colony Group has agreed to buy Massachusetts-based wealth management firm Capital Advisors, marking its fourth strategic acquisition in 2021.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The deal, whose financial terms have not been disclosed, is expected to close later this year.

The addition of Capital Advisors expands Colony’s presence in the Massachusetts region.

The Colony Group chair and CEO Michael Nathanson said: “We have known Gus for many years, and are delighted that he and his colleagues will join the Colony team.

“Colony will be strategically located in five offices across Massachusetts, making it even more convenient for high-net-worth families to access our wealth management and tax services.”

Capital Advisors founder Gus Gerulskis commented: “I have gotten to know Colony’s deep bench of professionals over many years. It was an easy decision for us to join Colony as we serve the increasingly complex needs of our clients, including those anticipating a business transition.”

With the acquisition, Colony will have 19 offices across the US with over 300 employees. In addition to Massachusetts, it has footprint across California, Colorado, Connecticut, Florida, Maryland, , New Hampshire, New Jersey, New York and Virginia.

Recent deals in the US wealth space

Last week, RGT Wealth Advisors, a subsidiary of Canadian wealth manager CI Financial, purchased Dallas-based registered investment advisor (RIA) Odyssey Wealth Management.

The same week, T. Rowe Price Group signed a deal to buy alternative credit manager Oak Hill Advisors in a bid to foray into the alternative investment markets.

Turnkey asset management provider SEI acquired Finomial, an investor lifecycle management firm specialising in cloud-native financial technology, the same week.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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