WealthTrust LLC: Sale and Recapitalization
H3GM attorneys represented Nashville-based WealthTrust LLC in connection with the sale and subsequent recapitalization of the company. In the transaction, control of the company passed from Morgan Keegan & Co. and its parent entity, Regions Financial Corporation, to a group of investors led by New York-based Circle Peak Capital LLC.
WealthTrust, Inc. is a leading national holding company of investment advisory firms that provide comprehensive wealth management services to high net worth individuals and institutions. WealthTrust employs approximately 125 people nationwide and collectively manages in excess of $6.5 billion in assets.
M. Rush Benton will remain as the Chief Executive Officer of WealthTrust following the transaction. The affiliation with Circle Peak Capital provides WealthTrust with significant capital resources, as well as a talented management team with extensive experience in the wealth management industry.
