On April 14, 2025, Cary Street Partners Financial and CIVC Partners announced that CIVC Partners will acquire a majority stake in Cary Street Partners Financial.
Cary Street Partners Financial (“Cary”) and CIVC Partners (“CIVC”) announced, on April 14, 2025, that CIVC will acquire a majority stake in Cary. The transaction is expected to close following regulatory approvals. Further terms of the deal were not disclosed.
CIVC, based in Chicago, is private equity firm investing in high-growth middle market companies in business services sectors. CIVC has approximately $2 billion in equity capital investments. Sherman & Company acted as financial advisor to CIVC.
Cary, based in Richmond, Virginia, is a registered investment advisor offering wealth management services to individuals, families, and institutions. Cary manages approximately $10 billion in assets across its subsidiaries.
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