CW Advisors Accelerates Expansion with Acquisition of Cubic Asset Management
July 10 2024 - 6:45AM
Business Wire
CW Advisors, LLC (“CWA”), a Boston-based registered investment
advisor (“RIA”), announced the acquisition of Cubic Asset
Management, LLC (“Cubic”), an independent account management firm
also based in Boston. The deal adds over $700 million of AUM to
CWA. Terms of the transaction were not disclosed.
“We are thrilled to welcome the Cubic team and their clients to
CW Advisors,” said Paul Lonergan, Chief Executive Officer of CWA.
“Cubic’s disciplined approach and many years of experience in
separate account management will enhance our robust investment
offering. Their client-first culture should make for an easy
transition into CWA, where we will continue to work together
seeking to provide exceptional service.”
With the addition of Cubic, CWA has eight offices across the
country, 88 employees, and over $8.6 billion of assets under
management.
“We look forward to the opportunities available through joining
the CWA platform that we believe will benefit both our team and our
clients,” noted James Kaplan Ph.D., founder of Cubic.
The deal, completed in June, marks the second acquisition for
CWA since its partnership with Audax Private Equity in June
2023.
“Cubic represents an attractive opportunity to expand our
presence and investment offerings to our clients,” added Scott
Dell’Orfano, Chief Strategic Officer at CWA. “We expect to
accelerate our acquisition momentum from here to supplement CWA’s
strong organic growth and to continue to enhance the firm’s
investment and service offerings for high-net-worth and
ultra-high-net-worth clients.”
About CW Advisors
CW Advisors is a Boston-based, SEC-registered investment
management firm, developing innovative wealth solutions for
high-net-worth and ultra-high-net-worth individuals, families,
foundations, and endowments. Registration does not imply a certain
level of skill or training. CW Advisors provides a fully integrated
approach to financial planning and investment consulting and
management, with specialty services tailored to each client’s
unique needs to protect and grow assets through superior service
and sound, objective advice.
About Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New
York, and London, Audax Private Equity is a capital partner for
middle and lower middle market companies that seeks to facilitate
transformational growth through its private equity and strategic
capital strategies. With approximately $19 billion of assets under
management, over 270 employees, and 100-plus investment
professionals, the firm has invested in more than 170 platforms and
1,300 add-on acquisitions since its founding in 1999. Through our
disciplined Buy & Build approach, across six core industry
verticals, Audax helps portfolio companies execute organic and
inorganic growth initiatives that fuel revenue expansion, optimize
operations, and can significantly increase equity value. For more
information, visit www.audaxprivateequity.com or follow us on
LinkedIn.
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Kelly O’Neill koneill@cwadvisorsgroup.com