Estancia Capital Partners and PMA Senior Management Complete Acquisition of PMA From Founding Family

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PMA, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts and other local government entities, announced on April 2, 2019 the completion of its acquisition by PMA’s senior management team in partnership with Estancia Capital Partners and select institutional co-investors.

PMA is widely considered the most trusted and established provider of integrated financial solutions to public entities.

PMA, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts and other local government entities, announced on April 2, 2019 the completion of its acquisition by PMA’s senior management team in partnership with Estancia Capital Partners and select institutional co-investors. Terms of the agreement were not otherwise disclosed.

“My colleagues and I are thrilled to begin the next phase of our growth story with Estancia as our partner,” said James O. Davis, Chief Executive Officer of PMA. “I want to thank all the individuals involved in making this a seamless process for our clients and employees. I also want to thank Mike and the entire English family for their support and guidance over the years.”

Takashi Moriuchi, Co-Founder and Managing Director of Estancia commented, “We are delighted to partner with Jim and his talented management team. PMA is widely considered the most trusted and established provider of integrated financial solutions to public entities. Having secured 100% support from PMA’s existing clients and successfully completing regulatory reviews, we can now support the company’s next phase of growth building upon the English family legacy.”

Estancia was advised by Sandler O’Neill + Partners, L.P. and Kirkland & Ellis LLP. PMA was advised by Bulkley Capital and Dykema Gossett, PLLC. SunTrust Bank and CIBC Bank USA provided debt financing for the transaction.

About PMA
PMA Financial Network, LLC, PMA Securities, LLC, and Prudent Man Advisors, LLC (collectively “PMA” or “the PMA companies”) are three PMA companies that work to provide integrated financial solutions to public entities. The PMA companies currently serve over 2,500 public entities in eleven states offering a full range of products and solutions for public funds management and public finance managers. With services ranging from investment advisory capabilities through Prudent Man Advisors to public finance work with PMA Securities, among others, the PMA companies are focused on achieving long-term financial success for their clients. For more information, go to http://www.pmanetwork.com.

About Estancia
Estancia is a specialist private equity firm focused on lower-middle market investments in Institutional Quality Asset Management, Wealth Management and related Business Services firms. Estancia’s Principals have a history of partnering with management teams in providing buy-out and growth capital to facilitate strategic development of portfolio companies including management buy-outs from larger financial firms, private ownership/succession transitions, growth initiatives and investment team lift-outs. For more information, visit http://www.estanciapartners.com.

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Matt Orseske

Laura Fox
PMA Financial Network, Inc.

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