Business, Free News Articles

Galway Holdings Acquires Simatree

WASHINGTON, D.C. -- Galway Holdings ("Galway") today announced its acquisition of Virginia-based Simatree, a strategic advisory firm specializing in data, analytics, technology consultation and digital transformation. Fast-growing, Simatree has won multiple awards for its innovative and transformational digital and analytics solutions, founded by Patrick McCreesh, Wes Flores and Jay Williams, former NBA player and current television analyst.

"We couldn't be more excited to move forward with Patrick and the Simatree team with an aligned vision and mission to provide differentiated product and service offerings to our clients, carrier partners and strategic distribution relationships," said John Hahn Executive Chairman of Galway Holdings.

Additionally, access to capital from the private equity-backed Galway will allow Simatree to explore creative opportunities for growth. Galway's recent acquisition of MAI Capital Management complements the Simatree acquisition.

Simatree will add value to the Galway Holdings' companies by defining and executing transformative programs that modernize the industry to accelerate the demand for change in the insurance and wealth management industries. Simatree will continue to work collaboratively with Derek Thomas (President of Galway Strategic Solutions) and the Galway Strategic Solutions team as they advance internal/external ecosystem business and digital transformation efforts. Current partnering efforts include digitization of the growing EPIC small to medium enterprise and personal lines portfolio.

Patrick McCreesh noted, "I'm looking forward to continued success as part of Galway Holdings. The relationship with Galway continues to provide deep expertise in financial services and insurance that allow us to build better solutions for the market."

Jay Williams has been engaged in the wealth management platforms at Galway and notes, "Galway provides high-net-worth individuals and family offices with complete financial planning/management and risk management for a natural alignment with how these individuals approach their lives. The client experience of having a cohesive approach is profoundly uncommon today."

About Simatree

Simatree is an advisory practice that blends a unique mix of technical prowess with people-focused service to achieve data-driven change. They harness the strengths of exceptional people to help clients transform their organization and build modern solutions. Visit https://www.simatree1.com/.

About Galway Holdings

Galway Holdings, LP is a financial services distribution company. It includes EPIC Insurance Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

About Galway Strategic Solutions

Galway Strategic Solutions is dedicated to driving innovation and ROI through strategic consulting, advisory, business and digital transformation. Its core mission is to create value by optimizing organic growth, inorganic growth and unique investment opportunities on behalf of Galway Holdings.

About MAI Capital Management

MAI Capital Management, LLC is a fee-based registered investment adviser and wealth management firm, which provides comprehensive investment management and planning services to high-net-worth individuals, families and athletes. Visit https://mai.capital/.

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Business, Free News Articles, Insurance

Galway Holdings Announces Formal Close of MAI Capital Management Deal

SAN FRANCISCO, Calif. -- Galway Holdings ("Galway") today announced its investment in MAI Capital Management, LLC ("MAI") has officially closed. Retaining the MAI Capital Management name, the firm now operates as a part of the Galway Companies. MAI's financial and wealth management services will complement existing business relationships within EPIC Insurance Brokers & Consultants as well as other areas of specialization across all Galway platforms.

MAI is a full-service Registered Investment Adviser (RIA) specializing in comprehensive investment and financial planning for high-net-worth individuals and families. Galway's investment will help MAI accelerate its organic growth trajectory, enhance its client service offerings, and further expand its national presence. The MAI executive team will remain intact.

Notably, Barron's placed MAI on its 2021 Top 100 Independent Advisors list, moving up to position 31. MAI has received this recognition for four years in a row.

John Hahn, Executive Chairman, Galway Holdings said, "We are pleased to have the partnership closed and are ready to move forward with Rick Buoncore and the MAI team by our side, providing capital and resources that will help sustain the continued growth of its premier wealth management platform."

As Galway and MAI execute on their growth plan, they will be seeking additional strategic partners to complement their overall financial services and wealth management offerings.

About Galway Insurance Holdings

Galway Insurance Holdings, LP is a financial services distribution company. It includes EPIC Insurance Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

About MAI Capital Management

MAI Capital Management, LLC is a fee-based registered investment adviser and wealth management firm based in Cleveland with additional regional offices across the country. The firm provides comprehensive investment management and planning services to high-net-worth individuals, families and athletes. For more information, visit https://mai.capital/.

Media Contact:
Betsy Van Alstyne
Betsy.VanAlstyne@galwayholdings.com

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