Petra Capital Partners and Patriot Capital Acquire Shipley Associates

Lead Capital Partners and Petra Capital Partners Invest in Lieberman

January 30, 2025

Marketing & Advertising

Lead Capital Partners and Petra Capital Partners made a strategic platform investment in Lieberman, Inc., a custom primary market research and analytics firm. The investment will support Lieberman's growth and capability expansion while the company remains led by its existing management team.

Petra Capital Partners and Canopy Capital Partners Complete Growth Recapitalization of American Vascular Associates

April 26, 2023

Healthcare Services

American Vascular Associates (AVA), a Palm Harbor, Florida-based network of outpatient vascular and endovascular centers, completed a growth recapitalization with Petra Capital Partners and Canopy Capital Partners. The investment will support AVA's accelerated growth, expansion of outpatient labs and ambulatory surgery centers, and additional physician partnerships while existing management remains shareholders.

Pathstone Acquires Hall Capital Partners

October 16, 2024

Wealth Management

Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.

Levine Leichtman Capital Partners Acquires Shipley Do-Nuts from Peak Rock Capital

July 30, 2025

Restaurants & Hospitality

Levine Leichtman Capital Partners (LLCP) has partnered with Shipley Do-Nuts management to acquire the Houston-based franchisor from Peak Rock Capital. Shipley, founded in 1936, operates over 375 company-owned and franchised locations across 14 states; financial terms were not disclosed and the company will continue to be led by CEO Flynn Dekker as LLCP pursues accelerated unit growth and geographic expansion.

Cerity Partners Acquires Permit Capital Advisors

May 3, 2022

Wealth Management

Cerity Partners announced a merger with Permit Capital Advisors, combining the Philadelphia-region wealth advisory firm into Cerity under the Cerity Partners name. Permit Capital Advisors brings approximately $1.6 billion in client assets and specialist ultra-high-net-worth and foundation advisory capabilities, helping Cerity deepen its capabilities and anchor the firm in the Philadelphia market.

CAPTRUST Acquires Patriot Pension Advisors

October 19, 2022

Financial Services

CAPTRUST Financial Advisors acquired Massachusetts-based Patriot Pension Advisors, a retirement-plan specialist that oversees roughly $900 million in client assets. MidCap Advisors served as Patriot Pension Advisors' exclusive financial advisor; Patriot's leaders Ted Burke and Michelle Marchionni will continue to run the business as CAPTRUST expands its Northeast footprint.