IMC Acquires Cardinal Capital Management

Power Digital Acquires Cardinal Digital Marketing

January 21, 2026

Marketing & Advertising

Power Digital (a tech-enabled growth marketing firm) has acquired Cardinal Digital Marketing to establish a dedicated healthcare division. Cardinal will operate as Power Digital's healthcare division, retaining its leadership and team while leveraging Power Digital's enterprise intelligence and measurement capabilities to scale healthcare-focused marketing services.

Mutual Capital Group / Mutual Capital Holdings Acquires ICC Holdings, Inc. for $73.8M

March 13, 2025

Insurance

Mutual Capital Holdings, a subsidiary of Mutual Capital Group, has closed its all-cash merger to acquire ICC Holdings, Inc., the parent of Illinois Casualty Company, for approximately $73.8 million. ICC Holdings will operate as an independent subsidiary under Mutual Capital, with Arron K. Sutherland remaining as President and CEO.

Mariner Acquires Cardinal Investment Advisors

January 14, 2025

Financial Services

Mariner announced the acquisition of Cardinal Investment Advisors, adding about $292 billion in assets under advisement and roughly 40 employees to its Mariner Institutional practice. The deal will incorporate Cardinal’s investment consulting team into Mariner’s insurance advisory practice, with integration expected to be complete by the end of March.

iCapital Completes Acquisition of SIMON Markets

May 25, 2022

Financial Services

iCapital completed its acquisition of SIMON Markets, adding SIMON’s structured investments, annuities, digital assets, and risk-managed solutions to iCapital’s alternative investment marketplace. The combined platform expands iCapital’s technical capabilities, advisor education, analytics, compliance tools, and portfolio construction support for wealth managers and their clients.

USI Insurance Services Acquires Insurance and Capital Management LLC

September 20, 2021

Insurance

USI Insurance Services acquired Insurance and Capital Management LLC (ICM), an independent insurance brokerage based in Mill Creek, Washington that specializes in marine insurance for offshore fishing operations. The acquisition expands USI's marine industry expertise and strengthens its Washington / Pacific Northwest presence; terms were not disclosed.

SM&A Acquires Cardinal Technologies, Inc.

January 3, 2011

Professional Services

SM&A, a Newport Beach-based program lifecycle consulting firm, has acquired Cardinal Technologies, Inc., a Potomac, Maryland-based provider of PMO and IT support services. The acquisition is intended to expand SM&A's capabilities and presence in the government IT and program services market.