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Direct Investment  + Financial Advisory  + M&As  + Private Equity  + Wealth Management  |  November 6, 2024
Republic Capital Group Sells Minority Stake to Merchant 
By: Joe Palmisano

Republic Capital Group Sells Minority Stake to Merchant 

Republic Capital Group, a provider of investment banking services to the wealth and asset management industry, announced a minority, non-control investment from serial RIA investor Merchant Investment Management. Financial terms of the deal were not disclosed. 

Since its founding in 2015 by John Langston, CEO, Republic has had a strong footprint on the industry through M&A advisory, including transactions with Creative Planning, Pathstone, Exencial Wealth Advisors and AlphaCore Wealth Advisory, according to the company’s website. 

In 2023, Republic sourced and led the largest acquisition of a CPA firm by a wealth management firm in history, the firm said, when it represented Creative Planning in its acquisition of BerganKDV. 

“We are pleased to receive this investment and be part of a concerted effort to support and build the independent wealth and asset management services ecosystem broadly,” Langston said. “Merchant’s willingness to collaborate with other industry players along with their deep understanding of our space made them an ideal partner for us.” 

Merchant offers equity partnership through non-controlling stakes, offering partners resources to scale their businesses. In August of 2023, the firm took a stake in $600 million Milwaukee-based asset management boutique firm Morgan Dempsey Capital. 

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Republic Capital GroupMerchant Investment Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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