The Carlyle Group announced Monday it will acquire a controlling interest in MAI Capital Management through a transaction that places the investment advisory company’s worth at more than $2.8 billion.
MAI Capital, which has operated from Cleveland since its establishment in 1973, managed and advised on $72.6 billion in assets as of the start of January.
The firm provides a comprehensive range of services to its clientele, including wealth management, investment oversight, retirement strategy planning, tax advisory services, family office operations, and consulting for institutional clients.
According to the announcement, the transaction is scheduled for completion during the second quarter of 2026.
Financial advisory firm Ardea Partners represented MAI Capital throughout the negotiation process, while Houlihan Lokey served as the financial advisor to Carlyle Group.
