M and A
Montage Investments Sees Big Opportunity In Midwestern Early-Stage Tech Firms
Mariner Holdings, an independent financial services firm and the parent company of Montage Investments, has acquired Kansas City-headquartered Flyover Capital Partners.
Mariner Holdings, an independent financial services firm and the parent company of Montage Investments, has acquired Kansas City-headquartered Flyover Capital Partners.
Flyover Capital joins Montage as its newest asset management affiliate to capture investment opportunities in early-stage technology companies in the Midwest.
“The partnership with Flyover Capital is the result of an increasing need among our clients for greater access to early stage venture investment opportunities,” said Martin Bicknell, chief executive of Mariner Holdings. “We’ve seen exciting innovation coming out of the Midwest over the last several years and have been looking for the right way to assist clients who wish to participate in the growth of Midwestern companies.”
Flyover Capital will participate in the growth of early-stage technology companies in emerging areas such as mobile, healthcare and agricultural technology.
The Flyover management team is comprised of partners Tom DeBacco, Thad Langford, Keith Molzer and Michael Peck.
“When most people think of technology opportunities, they think of Silicon Valley and the East Coast,” said DeBacco. “However, there has been a huge void of institutional, early-stage capital for the growing number of opportunities here in the Midwest. Over the last several years, there has been an incredible amount of investment in our infrastructure, from education to technology accelerators and incubators spawning great business ideas.”
He added: “The Midwest enjoys some of the most favorable state and local economic environments and can provide great platforms for investors and portfolio companies that are unique to this region of the country.”
Based in Leawood, Kansas, Montage Investments provides investments to investors and the financial professionals who serve them. Collectively, Montage Investments managed nearly $27 billion as of June 30, 2014.
