Consulting firm Segal Rogerscasey
has announced it has agreed to acquire the Marco Consulting Group (MCG), bringing
the combined advisory assets to more than $500 billion.
“The acquisition of the
Marco Consulting Group represents a significant enhancement to the already deep
expertise of Segal Rogerscasey,” said Joseph LoCicero, president and CEO of the
Segal Group. MCG is a consultant focused on US multiemployer benefit plans.
The acquisition will
become effective January 1, 2017.
The merged entity Segal
Marco Advisors will operate with a staff of more than 150 investment,
consulting, and research professionals, the firm said, advising more than 400
President and CEO John DeMairo will remain in the same role, while MCG
Co-founders Jack Marco and Tom Mitchell, Sr. will stay on as advisors. The
combined Segal Marco Advisors will be headquartered in New York, but will also
hold a significant presence in Chicago.
“This combination will
provide trustees with unprecedented resources and talent, and make us the
undisputed leader for multiemployer investment consulting,” DeMairo said in a
MCG’s co-founders also
praised Segal Rogerscasey’s “industry-leading research capabilities,
particularly in the areas of due diligence, alternative investments, and
The two firms are also
outsourced-CIO (OCIO) providers. According to CIO’s 2016 OCIO Guide, Segal Rogerscasey managed $1 billion in
discretionary assets for 12 US clients as of January, while MCG managed $9.3
billion for 52 US clients.
2016 OCIO Buyer’s Guide: Segal Rogerscasey & 2016 OCIO Buyer’s Guide: MCG Advisors