HIG Capital Financial Services Acquisition | M&A Deal

HIG Capital has completed the acquisition of a wealth management ria business in the United States, for $85m. The acquired firm operates as a wealth management RIA, serving advisory clients with portfolio management and financial planning services in the financial services sector. HIG Capital acquisitions in wealth management are designed to expand capital formation capabilities and strengthen client-facing advisory capacity in private equity acquisition activity. The announced private equity acquisition is supported by a triple hire of Brian Dutzar, Adam Whitman, and Steven Stack to bolster fundraising and growth execution, with deal terms not publicly disclosed.