Private Equity Firm GTCR Acquires FMG Suite
- Kendrick Wakeman, CFA
- Jul 30
- 1 min read
Chicago-based private equity firm GTCR announced that it has acquired FMG Suite, the marketing automation platform for insurance and wealth management. Normally, this would be a lot more exciting except that they are just buying it from another private equity firm, Aurora Capital Partners, who bought the company in June 2000. Transaction details were not disclosed.
There are some points of interest, though. GTCR has been fairly active in the WealthTech space having bought Foundation Source, Charityvest (which we advised on), and notably, AssetMark. It will be interesting to see if they find any points of synergy between FMG and their other assets. In any case, we would probably say that GTCR is a bit deeper into WealthTech than Aurora Capital at the moment, so perhaps that makes for a happy home.
