Phoenix Capital Resources served as the financial advisor and investment banker to Carroll Consultants in its merger with Cafaro Greenleaf.
Headquartered in Wayne, PA, Carroll is an independent retirement plan consulting, administration and investment advisory firm. The company guides employers in the development of their retirement and health and welfare plans with a focus on higher education and independent schools.
Founded in 1981 and headquartered in New Jersey, Cafaro Greenleaf is a national investment advisory and consulting firm for corporate, public, and not-for-profit retirement and benefit plans. It is a second-generation investment firm with offices and clients across the country.
Phoenix was engaged by Carroll to evaluate strategic options for the Company. Phoenix conducted an exhaustive search of potential strategic partners and identified numerous qualified candidates.
“At the end of the day, we felt Cafaro Greenleaf provided the best cultural fit for Carroll’s customers and employees, and Carroll’s 60+ year legacy will continue with the combined resources that Cafaro Greenleaf brings to the table,” says Michael Jacoby, senior managing director of Phoenix.
Michael Jacoby, senior managing director and Michael Gaul led the Phoenix team in advising Carroll and in structuring and negotiating the transaction.
“I am delighted to be partnering with Cafaro Greenleaf in support of Carroll’s continued growth,” said Marcie Carroll, president of Carroll. “Our clients and their employees will be the beneficiaries of our enhanced services and resources. The Phoenix team was invaluable to me at every step along the way and in helping me navigate this complex transaction.”
