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Prime Capital Investment Advisors closes Moores Creek Capital acquisition

Feb 28, 2019 - SNL Financial
Mergers and Acquisitions

Prime Capital Investment Advisors LLC Chairman Scott Colangelo confirmed that it closed the previously announced acquisition of Raleigh, N.C-based Moores Creek Capital Partners LLC.

In an interview with S&P Global Market Intelligence, Colangelo said about 30% of client assets in Moores Creek's fee-based business have yet to fully transition to Prime Capital.

The deal enabled the Overland Park, Kan.-based company to expand its footprint with one office in North Carolina, Colangelo sai...