Merit acquires Mennenga to expand in Wisconsin, US

Georgia-based wealthiness absorption institution Merit Financial Advisors (Merit) has acquired Madison, Wisconsin-based steadfast Mennenga Tax & Financial (Mennenga).

The transaction is expected to adhd $715m successful assets and widen its lawsuit work capabilities successful Wisconsin.

Mennenga Tax & Financial specialises successful wealthiness management, property planning, and taxation readying and preparation.

As portion of the acquisition, Mennenga’s squad of implicit 35 people, including 20 credentialed enrolled agents, volition articulation Merit.

Its founder, Marshall Mennenga, volition beryllium appointed arsenic wealthiness manager, taxation advisor, and spouse astatine Merit.

The acquisition follows Merit’s caller acquisition of Obsidian Planning Solutions, which brought successful $476m successful assets past period and expanded its expertise successful concern succession planning.

Merit Financial Advisors managing main and spouse Zach Mersberger said: “The summation of Mennenga reflects Merit's continued absorption connected providing holistic fiscal readying which, successful turn, volition present much worth to our clients.

“Marshall and his team's taxation readying acquisition strengthens our attack and allows america to service clients successful a much broad way.”

Mennenga’s integrated attack to fiscal services volition beryllium incorporated into Merit’s operations to enactment broader fiscal guidance for clients.

As portion of the acquisition, Mennenga’s squad volition get entree to Merit’s technology, resources, and selling solutions to enactment its lawsuit offerings.

FP Transitions, a specializer M&A advisory steadfast for the wealthiness absorption industry, served arsenic advisor connected this transaction.

Marshall added: “As we evaluated the adjacent signifier of our firm's evolution, it became wide that partnering with Merit would let america to heighten our lawsuit work portion remaining existent to our values.

“Merit's operational excellence, best-in-class technology, and beardown client-centric civilization made them the perfect partner.”

"Merit acquires Mennenga to grow successful Wisconsin, US " was primitively created and published by Private Banker International, a GlobalData owned brand.

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