GTCR Acquires AssetMark Financial Holdings, Inc.

GTCR Acquires FMG Suite from Aurora Capital Partners

September 10, 2025

Cloud & SaaS

GTCR has completed the acquisition of FMG Suite (FMG), a leading marketing automation and SaaS platform for financial advisors and insurance agents, from Aurora Capital Partners. As part of the transaction, former LPL Financial CEO Mark Casady joins FMG as Executive Chairman; GTCR plans to support product innovation (including AI-enabled capabilities), deepen enterprise relationships, and pursue organic and inorganic growth.

AssetMark Acquires Adhesion Wealth

December 15, 2022

Financial Services

AssetMark Financial Holdings, Inc. completed its acquisition of Adhesion Wealth, a provider of wealth-management technology and outsourced investment solutions for RIAs, TAMPs and asset managers. AssetMark paid $46 million (plus transaction costs and contingent payments) for Adhesion, which had $7.3 billion in total billable assets as of November 30, 2022; Adhesion will continue to operate commercially as a standalone business under its brand.

AssetMark Financial Holdings Acquires OBS Financial

March 2, 2020

Financial Services

AssetMark Financial Holdings, Inc. completed the acquisition of OBS Financial, a $2 billion-plus turnkey asset management platform and subsidiary of Canandaigua National Corporation. The deal brings AssetMark new relationships with OBS' 300+ financial advisors and 21 banks (serving ~6,500 investors) and provides an entry into the bank trust channel to support the firm's growth strategy.

KLH Capital Completes Management Buyout of Artmark Products Corp.

September 24, 2025

Industrial Services

KLH Capital partnered with the management team of Artmark Products Corp. and Artmark Associates, Inc. to complete a management buyout. Founded in 1945 and headquartered in Doral, Florida, Artmark is a value-added industrial distributor and global sourcing partner; management will retain equity and Jim O'Keefe will operate the company as CEO while Frank Kiernan transitions to Board Advisor.

TA Associates Makes Strategic Growth Investment in HealthMark Group

July 30, 2025

Healthcare Services

TA Associates has made a strategic growth investment in HealthMark Group, a Dallas-based provider of clinical information exchange solutions. Management and existing investor Ridgemont Equity Partners rolled meaningful stakes as TA becomes the new lead investor to accelerate HealthMark's growth, expand capabilities, and broaden market reach.

GTCR Acquires Foundation Source from Incline Equity Partners

September 13, 2023

Wealth Management

GTCR, a Chicago-based private equity firm, has acquired Foundation Source, the nation’s largest provider of foundation management services, from Incline Equity Partners. GTCR is partnering with wealth-technology veteran Joseph Mrak III as CEO and has committed capital to invest in technology enhancements, acquisitions and organic growth to expand Foundation Source’s product offerings and channel partnerships.