Wealth Enhancement Group is getting a new investment from private equity firm Onex Corp., which will join TA Associates as equal capital partners in the independent wealth management company.
“Our new investment from Onex augments our continued relationship with TA, bringing together two of the most accomplished private equity investment firms in the world,” CEO Jeff Decko said in a statement. “As we embark on the next stage of our growth vision, this is the perfect moment to bring aboard an additional partner with a long history of successful financial services investments.”
According to WEG, the investment from Onex will “drive WEG’s next stage of organic growth and M&A expansion.” So far in 2021, Minneapolis-based WEG has increased its assets by $2.4 billion organically, while making 10 acquisitions that totaled about $10.4 billion in client assets.
Source: Wealth Management
By Patrick Donachie
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