New York, NY, May 25th, 2022- Park Sutton Advisors LLC (“PSA”) has agreed to be acquired by Waller Helms Advisors (“WHA”), the specialist investment bank focused on insurance, healthcare, wealth, and financial technology. Founded in 2008 and led by Steven Levitt, Park Sutton Advisors completed 25 wealth management transactions in 2021 and has maintained this momentum in 2022.
“We are proud of what we have built at Park Sutton and are excited for this next chapter. We chose to partner with Waller Helms out of a variety of attractive options based on our shared business philosophies and common belief in the importance of a strong, client-centric culture. The partners of WHA have distinguished backgrounds and many have worked together for two decades. This alignment makes for a very strategic combination, and I personally am excited to help build the combined business for many years to come,” said Steven Levitt, Founder and Managing Director of PSA.
“This combination is game changing,” commented James Anderson, CEO of WHA. “The addition of Park Sutton significantly enhances our capabilities in the wealth and investment management sector and creates a specialist firm with 11 Managing Directors who successfully advised on over 50 transactions in 2021. Steve, along with Dan Erichson, CFA and John Eubanks, CFP, have built an enviable practice and we believe the combination with Waller Helms will allow the team to better serve clients in this rapidly transforming sector. We look forward to welcoming them and all our new colleagues from Park Sutton to Waller Helms.”
The combination of WHA’s and PSA’s leading Insurance and Wealth Management advisory practices mirrors consolidation trends between these two significant industries. When coupled with WHA’s accelerating Healthcare Services and FinTech/HCIT M&A practices, the combined firm will sit at the epicenter of several of the most active industries for M&A in the market today. The collective expertise, relationships and scale will position WHA and PSA to better serve a wide range of companies and investors active in these attractive, converging sectors. Steve, Dan, and John join WHA as Managing Directors and Partners.
The Transaction is subject to FINRA Approval.
McDermott, Will, & Emery provided legal advice to WHA. Griffin Financial provided financial advice and Godfrey & Kahn provided legal advice to PSA.
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