MAI Capital Management Acquires Grisanti Capital Management
May 15, 2020
MAI Capital Management, an independent registered investment adviser based in Cleveland, acquired New York–based Grisanti Capital Management in an all‑equity transaction that closed May 15, 2020. The deal adds an experienced investment team and roughly $225 million in assets under management, supporting MAI’s geographic expansion into New York City; financial and legal terms were not disclosed.
- Buyers
- MAI Capital Management, LLC
- Targets
- Grisanti Capital Management, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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