Resultant Acquires Liberty Advisor Group

LPL Financial Acquires Minority Stake in Private Advisor Group

November 20, 2025

Wealth Management

LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, the Morristown, New Jersey–based RIA with $41.3 billion in AUM. Republic Capital Group served as the investment banking advisor to Private Advisor Group. The investment joins LPL with existing minority owner Merchant Investment Management and six legacy shareholders to deepen strategic ties and expand programs, technology, and operational support for advisors.

MAI Capital Management Acquires Liberty Private Client

October 28, 2025

Wealth Management

MAI Capital Management has acquired Liberty Private Client, a Fort Myers, Florida–based registered investment advisor managing $245 million in client assets. The entire Liberty team will join MAI effective October 24, 2025; terms were not disclosed. The acquisition expands MAI’s presence in Florida and strengthens its Southeast / East Coast footprint.

Tripadvisor Acquires Liberty TripAdvisor Holdings in $430M Merger

April 29, 2025

Media & Entertainment

Tripadvisor, Inc. acquired Liberty TripAdvisor Holdings, Inc. via a merger in which a subsidiary of Tripadvisor merged with and into Liberty TripAdvisor, with Liberty TripAdvisor becoming an indirect wholly owned subsidiary of Tripadvisor. The deal closed on April 29, 2025 and included cash consideration of about $20 million for Liberty TripAdvisor common shares and about $42.5 million for its preferred stock, plus redemption/repayment of exchangeable debentures.

Prime Capital Investment Advisors Acquires Liberty Wealth Advisors

December 9, 2022

Financial Services

Prime Capital Investment Advisors (PCIA) has acquired substantially all of the assets of Liberty Wealth Advisors, a $1.75 billion wealth planning and investment management firm led by James S. Gladney. The deal brings Liberty's leadership and approximately 15 employees (including five advisors serving ~725 clients across 45+ states) into PCIA and closed on December 9, 2022.

Resultant Acquires Teknion Data Solutions

May 17, 2022

Data & Analytics

Resultant, an Indianapolis-based consulting firm, has agreed to acquire Teknion Data Solutions, a Dallas–Fort Worth-based full-service data analytics company. The acquisition adds approximately 60 employees, expands Resultant's data engineering and managed services capabilities (including Snowflake, Tableau, WhereScape, and Alteryx expertise), and supports geographic expansion into Texas.

Merit Capital Partners and Six Pillars Partners Recapitalize The Liberty Group

July 16, 2021

Staffing & HR

Merit Capital Partners and Six Pillars Partners, in partnership with The Liberty Group founder Ken Bohan, have acquired The Liberty Group, a Houston-based specialty temporary staffing and executive search firm serving the U.S. multi-family real estate industry. Merit provided subordinated debt and equity for the recapitalization to support growth and expand Liberty's on-site staffing, executive search and onboarding capabilities; the company was represented by Capital Alliance.