MarshBerry Advises VanceGray Wealth Management in Acquisition by Wealth Enhancement Group
Woodmere, OH – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have represented VanceGray Wealth Management (VanceGray) on their sale to Wealth Enhancement Group (WEG).
Founded in 2006, VanceGray has consistently focused on empowering its clients with personalized financial solutions. The independent registered investment advisor (RIA), led by Vance Gray, Jr., CFP®, President, has locations in Bangor and Ellsworth, Maine. The firm oversees more than $409 million in client assets and offers a wide range of financial solutions including investment and asset management, retirement planning, customized tax strategies, and comprehensive estate planning. The firm specializes in working with retirees, seniors, small business owners, and individuals with a desire to grow their financial future.
The acquisition drives WEG to $102.1B in total client assets and expands the firm’s geographic office footprint into a new state.
“WEG’s acquisition of VanceGray underscores the ongoing trend of RIAs seeking partnerships with larger firms to enhance client service capabilities and address long-term succession planning,” said Phil Trem, MarshBerry President – Financial Advisory. “There’s a rising interest in non-traditional markets like Maine, where firms with deep client relationships and regional expertise offer compelling growth potential. We’re honored to have supported VanceGray in finding the ideal partner in WEG to propel their next chapter of growth.”
Leveraging a focused and well–defined process, MarshBerry’s team of investment bankers understand the complexities of the wealth market and how to properly position firms to realize value. With extensive experience in both organic and inorganic growth strategies, clients turn to MarshBerry for strategic advisory, growth acceleration consulting, mergers & acquisition (M&A) transactions including liquidity transactions, acquisition transactions, business continuity/perpetuation transactions, and more.
“MarshBerry’s Wealth Advisory team is dedicated to helping firms navigate the complexities of M&A, ensuring they find the right strategic partners to drive long-term growth,” said Kim Kovalski, Managing Director. “Our team played a pivotal role in leading this transaction, leveraging our industry expertise and deep relationships to create a successful outcome for all parties involved. We are proud to have guided this process and look forward to seeing the continued success that this partnership will bring.”
Terms of the transaction were not disclosed.
MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.
Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.
