Strategic Capital Advisors, LLC, Brokers Three Key Acquisitions for Pioneer Investment Management, Inc.

Strategic Capital Advisors, LLC, led by founder Arthur J. Drago, brokered three strategic deals for Boston-based Pioneer Investment Management, Inc. in 2004, bringing the Pioneer family of funds approximately $3.3 billion in assets.

Ft. Lauderdale, FL (PRWEB) January 6, 2005 -- Strategic Capital Advisors, LLC, led by founder Arthur J. Drago, brokered three strategic deals for Boston-based Pioneer Investment Management, Inc. in 2004, bringing the Pioneer family of funds approximately $3.3 billion in assets and the adoption of 13 funds inclusive.

The latest transaction was Pioneers $3.1 billion acquisition of 22 Safeco (Nasdaq: SAFC) mutual funds from the Seattle-based insurance company. Seven of these funds were reorganized as Pioneer funds; fifteen were merged into existing Pioneer funds. Earlier in the year, two Oak Ridge (Oak Ridge Investments, LLC, Chicago) equity funds with a total of $25 million in assets were reorganized as Pioneer Oak Ridge funds, and four Papp (L. Roy Papp & Associates, LLP, Phoenix, AZ) equity funds with a total of $153 million in assets were reorganized as Pioneer Papp funds.

"Strategic Capital Advisors took the extra time to understand our company and our posture," noted Steven Graziano, Pioneers Executive Vice President, Strategic Marketing. The firms deliberate approach to the search and its thorough vetting of candidates helped us make the right strategic fit in all three acquisitions. Arthurs in-depth knowledge of our business and culture convinced our new partners of the merits of the fits as well."

Strategic Capital Advisors, LLC, a wholly owned subsidiary of Drago Holdings, LLC, specializes in mergers and acquisitions for the financial service industry.

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