MAI Capital Acquires $759M West Virginia Investment Firm

The Cleveland-based acquirer has executed 20 transactions since January 2024.

Published on Feb. 22, 2026

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MAI Capital Management, a large registered investment advisory firm based in Cleveland, has acquired LOC Investment Advisers, an RIA managing $759 million in assets with offices in West Virginia and Florida. The deal, which was announced Monday, closed on February 13.

Why it matters

This acquisition is part of MAI Capital's broader strategy to expand its footprint through strategic acquisitions, having executed 20 transactions since the start of 2024. The deal allows MAI to grow its assets under management and geographic reach, particularly in the West Virginia market.

The details

MAI Capital Management, a Cleveland-based registered investment advisory firm, has acquired LOC Investment Advisers, an RIA managing $759 million in assets with offices in West Virginia and Florida. The deal, announced on Monday, closed on February 13.

  • The deal was announced on Monday, February 18, 2026.
  • The deal closed on February 13, 2026.

The players

MAI Capital Management

A large registered investment advisory firm based in Cleveland.

LOC Investment Advisers

An RIA managing $759 million in assets with offices in West Virginia and Florida.

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The takeaway

This acquisition is part of MAI Capital's broader strategy to expand its footprint through strategic acquisitions, having executed 20 transactions since the start of 2024. The deal allows MAI to grow its assets under management and geographic reach, particularly in the West Virginia market.