IMC Acquires Cardinal Capital Management

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.

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.

iCapital Acquires SIMON Markets

May 25, 2022

Financial Services

iCapital has completed the acquisition of SIMON Markets, integrating SIMON’s structured investments, annuities, digital assets and risk-managed products into iCapital’s alternative investment marketplace. The deal brings nearly 200 SIMON team members and SIMON CEO Jason Broder (who joined iCapital as Managing Director, Head of iCapital Solutions) to expand iCapital’s product menu, analytics, education, and advisor servicing capabilities.

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.

Investcorp Acquires Mercury Capital Advisors

May 26, 2019

Financial Services

Investcorp entered into a definitive agreement to acquire Mercury Capital Advisors, a global institutional capital raising and investment advisory firm. Mercury will continue to operate independently under its current leadership; financial terms were not disclosed and the deal was expected to close in Q3 2019 subject to regulatory approvals.

iCapital Network Acquires Axio Financial

September 21, 2021

Financial Services

iCapital Network has entered into a definitive agreement to acquire Axio Financial LLC, a provider of end-to-end services to the U.S. structured notes market. The acquisition will expand iCapital's alternative investment product menu, technology stack, education and distribution capabilities for financial advisors; terms were not disclosed and the deal was expected to close in Q4 2021.