On September18^th, Lisa Dymond, Partner and Head of Talent, represented Altas at the Women’s Private Capital Summit in Toronto, Ontario.

Lisa participated in the panel “Closing the Diversity Gap in Private Markets –Moving from Talk to Action” alongside Kerryann Benjamin (KKR), Michelle McBane (Stand Up Ventures), and Nicole Musicco (former CIO of CalPERS). Tanya Carmichael (Roxborough Advisory) moderated the compelling discussion on how to accelerate the closing of the Say-Do gap and the evolution beyond traditional measures to diversity of thought and experience.

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September 16, 2024 – Mercer Global Advisors, Inc. (“Mercer Advisors”), a national wealth management firm with $63 billion in client assets, announced today that it was ranked first in the 2024 Barron’s Top 100 RIA Ranking.  

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“The recognition from Barron’s is a reflection of our unwavering commitment to being unapologetically client focused and striving to deliver the highest standard of financial care that is available anywhere,” said Dave Welling, CEO, Mercer Advisors. For nearly 40 years, Mercer Advisors has been helping families connect the dots of their financial life by unifying planning, investment management, tax, estate insurance, trusts, and more.  

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“Mercer Advisors is a partnership of professionals who have chosen to come together to help build a pre-eminent fiduciary-first wealth management firm as a team. The colleagues who have chosen to be here through partnerships or as direct employees have done so because they believe Mercer Advisors is a firm that is committed to keeping promises to clients,” said Daniel Gourvitch, President, Mercer Advisors. “Our number one ranking is a testament to the excellent work of our collective team.”

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“This year’s ranking has particular meaning to us because it underscores being better not just bigger,” added Welling. “We have become one of the most respected and fastest growing independent RIAs in the country while staying true to our founding principles of ensuring that our actions positively impact our clients, employees, shareholders, and communities.”

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Barron’s RIA rankings are based on assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. This is Mercer Advisors eighth year being ranked in the top 10 and its first year being ranked number one.

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About Mercer Advisors

Established in 1985, Mercer Global Advisors Inc. (“Mercer Advisors”) is a total wealth management and financial planning firm that provides comprehensive, fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. Mercer Advisors Inc. is a parent company of Mercer Global Advisors Inc. and is majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Mercer Global Advisors, Inc. is headquartered in Denver, Colorado, is privately held, has 1,150+ employees, and operates nationally through more than 90 locations. Mercer Advisors has $63 billion in client assets. For more information, visit merceradvisors.com.

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Important Information

Company statistics as of July 31, 2024. Client assets refer to client assets under management (AUM) and client asset under advisement (AUA) as well as assets gained from recent acquisitions where the advisory agreements have been properly assigned to Mercer Global Advisors, but the custodial accounts have yet to be transferred and/or the accounts have yet to be migrated to Mercer Global Advisors’ portfolio management system.

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Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through select third parties unaffiliated to Mercer Advisors. Tax preparation and tax filing are a separate fee from Mercer Advisors’ investment management and planning services. Trustee services are offered through select third parties with which a client would engage directly, as such additional fees may apply. Mercer Global Advisors has a related insurance agency. Mercer Advisors Insurance Services, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. Employees of Mercer Global Advisors serve as officers of MAIS. MAIS provides individual life, disability, long term care coverage, and property and casualty coverage through various insurance companies.  

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Mercer Advisors was ranked number 1 for firms with fewer than $70 billion in client assets. In 2024, Barron’s ranked the largest registered investment advisor firms ($70B+ in assets) separately from its broader RIA ranking. More information can be found here.

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Please Note: Limitations. Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Mercer Advisors or its investment professionals are engaged, or continues to be engaged, to provide investment advisory services. A fee was not paid by either Mercer Advisors or its investment professionals to receive the award or ranking. The award or ranking is based upon specific criteria and methodology (see ranking criteria/methodology). No ranking or recognition should be construed as an endorsement by any past or current client of Mercer Advisors or its investment professionals.

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MEMPHIS, Tenn., Sept. 12, 2024 - Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, announced a strategic investment from Altas Partners ("Altas"), a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle (NASDAQ: CG) and by Stone Point Capital LLC, will remain as investors and continue to make significant new investments in the business, with Carlyle maintaining its control position in partnership with the investor group and the Sedgwick management team.

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This transaction implies a total enterprise value of approximately $13.2 billion, an increase from $6.7 billion when Carlyle made its initial investment in Sedgwick in 2018. Altas has committed to invest $1 billion of equity as part of the transaction and will be an active participant in the company's value creation journey going forward.

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"This new partnership with Altas, and our current stakeholders, brings together a strategic vision that builds our global footprint, expands comprehensive service capabilities and enhances our business for decades to come," said Mike Arbour, CEO of Sedgwick. "Altas has a history of actively supporting companies in its portfolio, and they are very knowledgeable in the challenges our clients face in today's competitive business environment. We look forward to leveraging their expertise as informed and engaged strategic allies as we continue to lead the industry in innovation and enable clients to thrive by helping them navigate the unexpected."

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"We are incredibly proud of the growth Sedgwick has achieved under our ownership," said Will McMullan, Partner and co-Head of Global Financial Services at Carlyle. "As we welcome Altas to the partnership, we are excited about the future and look forward to supporting Sedgwick's continued growth and innovation. Together, with our new and existing partners, we are committed to further enhancing Sedgwick's industry-leading capabilities and global footprint."

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"Sedgwick is an exceptional company, led by a terrific team, that we have coveted for many years" said Paul Emery, Partner at Altas. "Our strategy is incredibly selective; we only invest in businesses that possess the rare combination of quality, durability and meaningful line of sight for growth. These opportunities are hard to come by, and a business like Sedgwick fits squarely within our framework. We are excited to work in close partnership with Mike Arbour and team to support the many value creation opportunities that lie ahead."

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Jim Carey, Co-CEO of Stone Point said, "we have known the Sedgwick leadership team for many years and are thrilled to continue the partnership alongside Carlyle and Altas. Sedgwick is a leader in the risk, loss adjusting and claims management industries, and we look forward to supporting the company's mission in its next stage of growth."

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Every year, millions of people around the world contact Sedgwick when they face an unsettling, unfamiliar or stressful event — whether a catastrophe, an accident, an absence request or claim scenario. In 2023, Sedgwick handled more than eight million claims and had fiduciary responsibility for claim payments totaling more than $33 billion. The company will remain an independent, private company with an undiluted focus on claims handling excellence, use of robust data science and technological innovation.

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Morgan Stanley & Co. LLC and BofA Securities served as financial advisors and Latham & Watkins LLP served as legal advisor to Sedgwick. J.P. Morgan Securities LLC and Barclays served as financial advisors and Kirkland & Ellis served as legal advisor to Altas.

The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

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‍About Sedgwick
Sedgwick is a leading global provider of claims management, loss adjusting and technology-enabled business solutions. The company provides a broad range of resources tailored to clients' specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts; through the dedication and expertise of over 33,000 colleagues across 80 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact performance. Sedgwick's majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. For more, see sedgwick.com.

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About Altas Partners
Altas Partners is a North American private equity firm focused on selectively acquiring significant interests in high-quality businesses with meaningful growth potential. Altas focuses on services sub-sectors where it has deep expertise, seeking one or two compelling investment opportunities each year. The firm's patient investment philosophy and engaged approach to ownership distinguish Altas as a buyer of choice for many management teams and founders. The firm was founded in 2012 and operates from offices in Toronto and New York. Altas manages approximately $10 billion on behalf of leading institutional and family office investors from around the world. For more, visit altas.com.

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About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across four continents. Further information is available at carlyle.com.

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About Stone Point Capital
Stone Point is an alternative investment firm based in Greenwich, Connecticut, with more than $50 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports the firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit stonepoint.com.

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SOURCE Sedgwick Claims Management Services, Inc.

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Earlier this month, Altas was delighted to welcome six new Associates to the firm. Sammy Fleisher, Eddie Huang, Trevor Smith, Dante Severini, and Aliana Versi have joined us on the Investment Team, and Emma Swill on our Investor Relations Team.

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Please join us in welcoming Sammy, Eddie, Trevor, Dante, Aliana, and Emma to the firm!

Altas is pleased to announce that Andrew McIntyre has joined the firm as Director within the Portfolio Solutions Group.

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Prior to joining Altas, Andrew worked at Bain & Company, where he supported a variety of industries, and Birch Hill Equity Partners as a member of the Investment team.

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Andrew holds a Bachelor of Science in Engineering Physics from Queen’s University.

Altas is pleased to announce that Jordy Winkler has joined the firm as Director within the Portfolio Solutions Group.

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Prior to joining Altas, Jordy worked at ResQ, where she held roles in Business Operations, Product, and Finance. Previously, Jordy worked at Birch Hill Equity Partners and SATOV Consultants.

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Jordy holds a Bachelor of Arts in Honours Business Administration from the University of Western Ontario, Richard Ivey School of Business.

Altas is delighted that Aryella Frommer, Partner and Head of Investor Relations, represented Altas at the Women’s Private Equity Summit in Phoenix, AZ on March 6^th, 2024. Aryella moderated the panel “What are LPs really wanting to see and hear from GPs in 2024?”.

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We were thrilled to host our partners at the 2023 Altas Annual General Meeting at the Globe & Mail Centre in Toronto. The event featured many of our CEOs, senior executives, and board members discussing Altas’ businesses and the dynamics at play in the current market environment. Thank you to our investors who spent the day with us in Toronto, as well as those who joined virtually.

Altas is delighted that Katie Taylor, Chair of the firm, represented Altas at the inaugural Women in Private Capital Summit Canada, held in Toronto on October 4^th and 5^th, 2023.

Katie spoke with Mary Sullivan, Senior Managing Director, and Chief Talent Officer at CPP Investments, about her journey from former President and CEO of Four Seasons to her current role in Private Equity.

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