Fund Evaluation Group (FEG) has acquired Dallas, Texas-based consulting firm Larry Thompson & Associates (LT&A), bringing its assets under advisement to $58 billion.
“We found the perfect partner in LT&A. Their client focus, integrity, expertise, and strategy are well aligned with FEG’s,” said Scott Harsh, FEG’s president and CEO.
Both firms have significant experience in working with nonprofits and family offices, FEG said.
The merger will “reaffirm FEG’s status as one of the largest independent US consulting firms,” the Cincinnati, Ohio-based consultant added in a statement.
The combined entity will also expand physical office locations to three more cities: Indianapolis, Detroit, and Dallas.
The Dallas location in particular, FEG said, would bring value to the firm, given the consultant’s existing client base in Texas and the surrounding states.
“Having a physical location and seasoned team in such a vibrant market provides significant opportunities for our combined firms,” Harsh said.
LT&A boasts a 24-year history as an investment consultant. President and Senior Consultant Larry Thompson said the deal would bring his firm’s clients “additional resources and investment expertise.”
“Having FEG’s depth of research, particularly within alternative investment strategies, will serve our clients quite well,” he said. “It is indeed a very exciting time.”