CW Advisors Accelerates Expansion with Acquisition of Cubic Asset Management

BOSTON–(BUSINESS WIRE)–CW Advisors, LLC (“CWA”), a Boston-based registered investment advisor (“RIA”), announced the acquisition of Cubic Asset Management, LLC (“Cubic”), an independent account management firm also based in Boston. The deal adds over $700 million of AUM to CWA. Terms of the transaction were not disclosed.

“We are thrilled to welcome the Cubic team and their clients to CW Advisors,” said Paul Lonergan, Chief Executive Officer of CWA. “Cubic’s disciplined approach and many years of experience in separate account management will enhance our robust investment offering. Their client-first culture should make for an easy transition into CWA, where we will continue to work together seeking to provide exceptional service.”

With the addition of Cubic, CWA has eight offices across the country, 88 employees, and over $8.6 billion of assets under management.

“We look forward to the opportunities available through joining the CWA platform that we believe will benefit both our team and our clients,” noted James Kaplan Ph.D., founder of Cubic.

The deal, completed in June, marks the second acquisition for CWA since its partnership with Audax Private Equity in June 2023.

“Cubic represents an attractive opportunity to expand our presence and investment offerings to our clients,” added Scott Dell’Orfano, Chief Strategic Officer at CWA. “We expect to accelerate our acquisition momentum from here to supplement CWA’s strong organic growth and to continue to enhance the firm’s investment and service offerings for high-net-worth and ultra-high-net-worth clients.”

About CW Advisors

CW Advisors is a Boston-based, SEC-registered investment management firm, developing innovative wealth solutions for high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments. Registration does not imply a certain level of skill or training. CW Advisors provides a fully integrated approach to financial planning and investment consulting and management, with specialty services tailored to each client’s unique needs to protect and grow assets through superior service and sound, objective advice.

About Audax Private Equity

Headquartered in Boston, with offices in San Francisco, New York, and London, Audax Private Equity is a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth through its private equity and strategic capital strategies. With approximately $19 billion of assets under management, over 270 employees, and 100-plus investment professionals, the firm has invested in more than 170 platforms and 1,300 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and can significantly increase equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.

Contacts

Kelly O’Neill

koneill@cwadvisorsgroup.com