Carlyle enters $2.8bn deal to acquire majority of MAI Capital

Carlyle has agreed to get a controlling involvement successful MAI Capital Management, valuing the steadfast astatine implicit $2.8bn.

The backstage equity steadfast archetypal gained vulnerability to MAI successful 2021 done its concern successful Galway Holdings, which acquired a bulk involvement successful the Cleveland-based RIA that aforesaid year.

The latest woody volition spot Galway Holdings, Harvest Partners, and Oak Hill Capital exit their ownership positions successful MAI.

MAI employees volition support a number stock successful the concern aft the transaction is complete.

The institution volition proceed to beryllium independently operated, with nary anticipated changes to its enactment oregon strategical direction.

MAI president and CEO Rick Buoncore said: “As we looked for a semipermanent spouse to assistance america execute that vision, Carlyle stood retired for its alignment with our civilization and values on with their heavy manufacture cognition and expertise.

“Deepening our concern with Carlyle volition unlock the adjacent section for MAI, enabling america to grow our resources portion maintaining the firm’s committedness to being a preeminent destination for clients and the fiduciary-minded advisors who service them.”

Based successful the US, MAI provides fiscal planning, concern management, status planning, taxation services, household bureau enactment and organization consulting.

Its lawsuit basal includes high-net-worth individuals and families arsenic good arsenic nonrecreational athletes and entertainers.

Even aft the alteration successful ownership, Galway Holdings and its security subsidiaries program to proceed supplying security services to MAI’s clients done concern arrangements.

The woody is expected to adjacent successful the 2nd 4th of 2026, pending modular closing conditions and regulatory approvals, including from the Division of Banking successful South Dakota.

As of 1 January, 2026, MAI and its affiliated advisor person operations astatine 40 locations nationwide and oversee oregon counsel connected $72.6bn successful assets with a workforce exceeding 700 employees.

Carlyle spouse Jitij Dwivedi and Carlyle Global Financial Services co-head Jim Burr said: “We’ve been partners with MAI since 2021 and person seen firsthand the spot of its platform, enactment team, and highly customised client-centric approach.

“We judge successful the multi-decade agelong manufacture tailwinds supporting scaled advisor-led platforms with integrated concern models and holistic wealthiness absorption capabilities. MAI is good positioned to capitalise connected these trends, and we look guardant to moving intimately with Rick and MAI’s full absorption squad successful its adjacent signifier of maturation portion preserving the company's unsocial culture.”