Focus Financial partner firm to acquire assets of Mid-Continent Capital

Connectus Wealth Advisers, a partner firm of Focus Financial Partners Inc., agreed to acquire the assets of Chicago-based registered investment adviser Mid-Continent Capital LLC.

The transaction is expected to close in the second quarter.

Mid-Continent concentrates on generating and preserving long-term wealth through fully customized portfolio management tailored to meet client-specific investment objectives, according to a news release. The company serves high and ultra high net worth individuals, institutional retirement plans, foundations and other organizations.

Mid-Continent will become the 13th company to join Connectus since its inception in late 2020, Focus Financial COO Rajini Kodialam said in the release. The acquisition expands Connectus' presence in the ultra high net worth and institutional space, Kodialam added.

RBC Capital Markets was exclusive financial adviser to Mid-Continent in the deal.