Segal Rogerscasey to Acquire Marco Consulting Group
Investment consulting business Segal Rogerscasey has signed an asset purchase agreement to
acquire the business of Marco Consulting
Group (MCG), effective January 1, 2017. MCG provides investment
consulting to U.S. multiemployer benefit plans. The new firm will be known as Segal Marco Advisors and have combined investment advisory assets exceeding $500
Segal Marco Advisors expects to employ approximately 150
investment, consulting and research professionals to serve more than 400 clients.
John DeMairo, Segal Rogerscasey president and CEO, will continue in this role at the new firm. MCG co-founders Jack Marco and Tom
Mitchell Sr. will serve as advisers.
Segal Marco Advisors will be headquartered in New York
City and maintain what The Segal Group terms “a significant presence in Chicago,
operating out of the current MCG office.” In addition, it will have offices in
Atlanta, Boston, Chicago, Cleveland, Dallas, Denver, Los Angeles, Seattle, and
Darien, Connecticut, as well as Toronto and Dublin.
“In the many years we’ve competed with MCG, we have always
been impressed with its people and investment solutions,” says DeMairo. “Combining
our strengths will not only be good for our clients but will also make us more
competitive in our chosen markets.”
Mitchell points to the value of both firms being privately
held, which will allow the combined entity to retain client focus, he says.
NEXT: VALIC Expands Leadership Team