Lido Merges with $3B Pegasus Partners
Lido Advisors, LLC is joining forces with Pegasus Partners, a Mequon, WI-based registered investment advisor with over $3 billion in assets across 300 families.
All 22 members of Pegasus will be joining Lido, with the majority becoming partners. Pegasus is led by Todd Krieg, founder and CEO, and Matt D’Attilio, founder and president.
Founded in 2015, Pegasus specializes in wealth management and family office solutions for ultra-high-net-worth families, with a focus on investment management, financial planning, family wealth transfers, and alternative investments.
“Together, we will work to continuously enhance the investment and wealth planning advice that we offer to the families, foundations, and institutions we work with,” said Krieg.
The Pegasus deal is the first for the wealth advisor since hiring Henry Hagenbuch as senior managing director, head of mergers and acquisitions, in July. At the beginning of the year, the firm announced that Karl Heckenberg’s Constellation Wealth Capital became a strategic partner and minority investor, joining Lido’s lead investor private equity firm Charlesbank Capital Partners.
Los Angeles-based Lido managed more than $24 billion in regulatory assets under management as of September 30, 2024.
Park Sutton Advisors, a Waller Helms Company, served as exclusive financial advisor to Pegasus.