BOSTON--(BUSINESS WIRE)--CW Advisors, LLC (“CWA”), a registered investment advisor (“RIA”) headquartered in Boston, announced the acquisition of Mercadien Asset Management, LLC, an RIA located in Hamilton, New Jersey. Terms of the transaction were not disclosed.
“Ken and his team are outstanding,” said Paul Lonergan, Chief Executive Officer of CWA. “We are excited to welcome the team and their clients to CWA. With a strong focus on financial planning and client service, they are a great asset to the firm.”
The addition of the New Jersey location enhances CWA’s already robust presence in the Mid-Atlantic. Hamilton joins CWA's offices in Wynnewood, Pennsylvania and Columbia, Maryland. CWA now has nine offices across the United States with 92 employees and over $8.8 billion of assets under management.
"CWA’s philosophy and platform make them the perfect partner to continue providing quality service and an expanded offering to our clients,” noted Ken Kamen, President of Mercadien Asset Management, LLC.
The deal was completed earlier this month and is the third acquisition for CWA since commencing its partnership with Audax Private Equity in June 2023.
“Mercadien Asset Management represents an ideal partner to work with to expand our platform for high-net-worth and ultra-high-net-worth clients,” added Scott Dell’Orfano, Chief Strategic Officer at CWA. “It has been an exciting summer already welcoming two firms as we continue to complement CWA’s strong organic growth with strategic acquisitions that enhance the firm’s investment and service offerings.”
About CW Advisors
CW Advisors is a Boston-based, SEC-registered investment advisor, developing innovative wealth solutions for high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments. Registration does not imply a certain level of skill or training. CW Advisors provides a fully integrated approach to financial planning and investment consulting and management, with specialty services tailored to each client’s unique needs to protect and grow assets through superior service and sound, objective advice.
About Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New York, and London, Audax Private Equity is a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth through its private equity and strategic capital strategies. With approximately $19 billion of assets under management, over 270 employees, and 100-plus investment professionals, the firm has invested in more than 170 platforms and 1,300 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that aim to fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.