Golden Gate Capital Recapitalizes Parallel Advisors; Parallel Acquires AUTUS Asset Management

GTCR Recapitalizes Cole-Parmer with Golden Gate Capital and Management

September 26, 2019

Medical Devices

GTCR has signed a definitive agreement to recapitalize Cole-Parmer Instrument Company, acquiring a majority stake while Golden Gate Capital and CEO Bernd Brust with the Cole-Parmer management team retain significant minority ownership. The recapitalization will support Cole-Parmer's continued organic growth and strategic M&A in the life sciences, healthcare and environmental laboratory products markets; the company will remain headquartered in Vernon Hills, Illinois.

Mercer Global Advisors Acquires Paragon Wealth Strategies, LLC

December 5, 2023

Wealth Management

Mercer Global Advisors, a national RIA backed by Oak Hill Capital and Genstar Capital, has acquired Paragon Wealth Strategies, a Jacksonville-based wealth management firm managing approximately $495 million in AUM and serving over 400 clients. The deal expands Mercer’s footprint and capabilities in Florida and brings Paragon’s partners and advisory team into Mercer’s national platform.

Goldman Sachs Acquires United Capital Financial Partners

May 16, 2019

Financial Services

The Goldman Sachs Group agreed to acquire United Capital Financial Partners, Inc. for $750 million in cash. The acquisition expands Goldman's wealth management business by adding United Capital's ~220+ financial advisors, $25 billion AUM and its FinLife CX digital platform; the deal was expected to close in Q3 2019 subject to regulatory approvals.

Summit Financial Onboards Gateway Advisory ( $830M AUM )

March 16, 2025

Wealth Management

Summit Financial has made a strategic investment in Gateway Advisory, a New Jersey-based registered investment advisory firm with $830 million in assets under management. The Gateway team and principals will integrate into Summit’s Parsippany office as part of Summit’s ongoing roll-up of advisory practices to expand its multi‑family office platform.

Golden Gate Capital Recapitalizes Tidal Wave Auto Spa

December 30, 2020

Automotive

Golden Gate Capital has recapitalized Tidal Wave Auto Spa, partnering with founder and CEO Scott Blackstock, who will remain CEO and a significant shareholder. The transaction will provide development resources to support aggressive new-unit expansion, acquisitions and continued growth of the company's Unlimited Wash Club membership program; terms were not disclosed.

AUCTUS Capital Partners Acquires SPIG S.p.A. and Götaverken Miljö (GMAB)

November 5, 2024

Industrial Services

Funds advised by AUCTUS Capital Partners AG have acquired SPIG S.p.A. (Paruzzaro, Italy) and Götaverken Miljö (GMAB) (Gothenburg, Sweden), bringing the two industrial cooling and flue-gas treatment specialists together as an AUCTUS platform. Management (CEO Alberto Galantini and CFO Costante Alverà) co-invested alongside AUCTUS; the combined group serves energy, heavy industry and data-center markets, with pro forma revenue of ~€100m and over 200 employees.