Reston, VA – October 4, 2019. LNC Partners (“LNC”) is pleased to announce that it recently completed a strategic minority investment in Prime Capital Investment Advisors, LLC (“PCIA” or the ”Company”) to support its continued growth. Headquartered in Overland Park, KS with offices across the Midwest and East Coast, PCIA is a full-service financial advisement firm with over $11 billion in client assets that focuses on wealth management and retirement plan advisory services. Led by co-founders Scott Colangelo and Tim Hakes, and CEO Glenn Spencer, PCIA has built a differentiated and attractive financial services platform poised for continued rapid growth.
“As we continue to scale the business, we saw the need for a long-term partner that could help us execute our growth strategy,” stated Glenn Spencer, Chief Executive Officer of PCIA. Mr. Spencer added, “LNC’s tailored investment structure and focus on enablement of the executive team clearly differentiated their firm from other potential investors. We are excited to continue working with them on future opportunities as we have a robust pipeline of potential acquisitions.”
“With its exceptional management team and proven track record of growth, we strongly believe that PCIA is well-positioned to continue building a best-in-class financial advisory platform for its clients and advisors. We are elated about our partnership with PCIA, and are confident that we can achieve our goals together,” said Matt Kelty, Managing Partner of LNC.
Waller Helms Advisors served as PCIA’s exclusive financial advisor.
About LNC Partners
Based in Northern Virginia, LNC Partners is a licensed Small Business Investment Company with over $500 million of capital under management that provides debt and equity capital to lower middle market companies. LNC Partners invests across a broad range of industries and typically provides between $5 million to $30 million of capital to companies in support of buyouts, recapitalizations, refinancings, and acquisition and growth financings. The firm focuses on companies that generate at least $2 million of EBITDA and places an emphasis on management and founder-owned businesses.
About Prime Capital Investment Advisors
Prime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. Through its Qualified Plan Advisors brand, the firm also provides retirement plan advisory services, as well as plan participant education. PCIA currently has 23 locations throughout the United States, with investment advisor representatives serving clients across the nation.
About Waller Helms Advisors
Waller Helms Advisors is the premier boutique investment bank focused on the crossroads of the Insurance, Healthcare and Investment Services sectors. Our team of more than 20 industry specialists has over 100 years of combined transaction experience working for closely held businesses, sponsor-backed firms and publicly-traded companies ranging in size from startups to Fortune 500 enterprises.
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