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May 26, 2022

Waller Helms Advisors signs deal to acquire Park Sutton Advisors

US-based specialist investment bank Waller Helms Advisors (WHA), which specialises in insurance, healthcare, wealth, and financial technology, is set to acquire Park Sutton Advisors (PSA) for an undisclosed sum.

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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)
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by GlobalData
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The transaction is subject to approval by FINRA.

Founded in 2008 and led by Steven Levitt, PSA is an investment bank focused on M&A advisory for the wealth and investment management space.

Last year, the firm completed 25 wealth management transactions.

WHA CEO James Anderson said that the addition of PSA would significantly enhance the firm’s capabilities in the wealth and investment management segment and form a specialist firm with 11 managing directors.

“Steve, along with Dan Erichson, CFA and John Eubanks, CFP, has built an enviable practice and we believe the combination with Waller Helms will allow the team to better serve clients in this rapidly transforming sector.  We look forward to welcoming them and all our new colleagues from Park Sutton to Waller Helms,” added Anderson.

Following the acquisition, Levitt, Erichson and Eubanks will join WHA as managing directors and partners.

The deal is expected to help WHA expand its services to a number of new companies and investors across healthcare services and fintech.

Furthermore, the combination of insurance and wealth management advisory practices of the two firms is said to reflect the ongoing consolidation trends in these industries.

This week, Wisconsin-based wealth management firm Baird bought Hefren-Tillotson, a full-service wealth management firm based in Pittsburgh.

Last week, Advisor Group struck a deal to purchase Infinex Financial Holdings, the holding company of a privately-held broker-dealer.

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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