The acquired firm, with offices in the US and Europe, serves wealth managers among its roster of clients, as does Lincoln International.

Lincoln International, a Chicago-headquartered investment advisory firm, has agreed to buy MarshBerry, an Ohio-headquartered advisory firm that has been serving the insurance brokerage, insurance distribution, and wealth management sectors for more than 40 years. The financial terms of the deal were not disclosed.

Marshberry operates in six US cities and three international locations in Europe, serving private, independent brokers and wealth managers, Lincoln said in a statement on Friday.

"This acquisition aligns seamlessly with our vision of becoming the leading advisor in the private capital markets. By combining our strengths, we will not only expand our service offerings but will enhance the ways we support our clients as we navigate the dynamic insurance and wealth management sectors,” Rob Brown, CEO of Lincoln International, said. 

The acquisition closing is subject to standard regulatory approvals. 

Atlas Merchant Capital, based in New York and London, has agreed to sell its interests to Lincoln.

The sellers, management and Atlas Merchant Capital, were advised by Keefe, Bruyette & Woods, A Stifel Company and Solomon Partners.

This news service spoke in May this year to Lincoln about consolidation trends in the UK wealth management sector.