MAI Capital Management Acquires West Point Business Group
September 30, 2022
MAI Capital Management has acquired West Point Business Group and launched a new business unit, MAI Retirement, to expand into retirement plan consulting. The deal brings West Point's fiduciary-based retirement plan consulting talent and financial wellness capabilities into MAI, adding approximately $230 million in AUM and $568 million in retirement plan assets to MAI's platform.
- Buyers
- MAI Capital Management, LLC
- Targets
- West Point Business Group
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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