Investcorp scoops up wealth management firm Berger Financial Group
- Berger’s management team and financial advisors will remain significant owners alongside Investcorp
- Berger has completed at least 24 acquisitions
- Founded in 1981, Berger operates across five states and 10 locations
Investcorp has acquired a majority stake in Berger Financial Group Inc, a Minnesota-based wealth management firm. No financial terms were disclosed.
Berger manages more than $3 billion in assets for over 3,800 clients.
Berger’s management team and financial advisors will remain significant owners alongside Investcorp.
Berger has completed at least 24 acquisitions.
“We spent more than three years searching for the right wealth management platform. Berger is that platform,” said Vitali Bourchtein, managing director at Investcorp. “Its proven M&A model, strong culture and ability to serve the mass-affluent market at scale set it apart.”
Founded in 1981, Berger operates across five states and 10 locations.
