Mercer Advisors Expands Investor Base with Atlas Partners Stake 

Mercer Advisors, a Denver-based $48 billion registered investment advisor, is expanding its set of investors with the addition of New York and Canada-based private equity firm Atlas Partners. 

Atlas will join current private equity backers Genstar Capital, which invested in 2015, and Oak Hill Capital, which provided capital in 2019, along with Mercer’s 300 employees who own equity in the company. 

Financial terms of the deal, which is expected to close in the third quarter, were not made available. 

“We have had an outstanding partnership with Genstar and Oak Hill for many years and chose Altas as our newest strategic investor because they believe in our mission, purpose, and strategy and are committed to support continued investment in capabilities that will allow us to enhance the way we serve our clients,” said Dave Welling, CEO of Mercer Advisors. 

The Altas deal marks the second raise of the year for Mercer. Earlier in the year, it sold preferred equity to a group of investors led by private equity firm Harvest Partners. 

The company has made two transactions so far that have closed or are expected to close this year. On Monday, it agreed to purchase $350 million Madison, WI-based RMR Wealth Advisors and in April it announced the acquisition of $330 million RIA Andesa Financial Management in Allentown, PA. 

Raymond James served as a lead financial advisor, and Paul, Weiss served as legal counsel to Mercer Advisors. Goldman Sachs served as Altas Partners’ financial advisor, while Kirkland & Ellis served as its legal counsel. 

Connect with Nexpoint Advisors, L.P. Chief Market Strategist Mike Hurley, CMT by joining us at the Connect Money: Alternative Assets Conference on June 14 in Chicago at the W City Center.