MAI Capital Management Acquires Carmichael Hill & Associates
December 9, 2024
MAI Capital Management announced the acquisition of Gaithersburg, Maryland-based Carmichael Hill & Associates, adding approximately $350 million in client assets under management. Carmichael Hill will adopt MAI's brand and infrastructure effective December 6, 2024; Principal Jim Stewart becomes Senior Wealth Advisor & Team Leader. Turkey Hill Management advised Carmichael Hill on the transaction; terms were not disclosed.
- Buyers
- MAI Capital Management, LLC
- Targets
- Carmichael Hill & Associates, Inc.
- Sellers
- Jim Stewart
- Industry
- Wealth Management
- Location
- Maryland, United States
- Transaction Type
- Buyout
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