Mercer Advisors to merge with Kanaly Trust
Mercer Advisors has agreed to merge with Kanaly Trust. Financial terms weren’t announced. The combined company, an independent wealth manager, will manage assets exceeding $8 billion. Mercer is backed by Genstar Capital while Kanaly Trust is owned by Lovell Minnick Partners, which will retain a stake in the combined company. David H. Barton, CEO of Mercer Advisors, will lead the combined company. Moelis & Company LLC advised Kanaly while Davis Graham & Stubbs LLP was their legal counsel. Willkie Farr & Gallagher LLP served as legal counsel to Mercer Advisors.
28 March 2016•4 mins read
