Fund Evaluation Group buys Larry Thompson & Associates

Fund Evaluation Group acquired Dallas-based investment consulting firm Larry Thompson & Associates, said Scott B. Harsh, FEG president and CEO.

Terms of the deal were not disclosed.

Following the acquisition, FEG will have about $58 billion in assets under advisement, up from $55 billion. The merger will result in the firm having four office locations, including its Cincinnati headquarters, and offices in Indianapolis and Detroit.

Mr. Harsh said in a telephone interview that FEG was looking to grow and considering expanding geographically. Since FEG had many clients in Texas and the surrounding states, it made acquiring Larry Thompson an attractive deal, he said.

“We were introduced to Thomson & Associations and saw they would be a good fit both culturally and from a client standpoint,” Mr. Harsh said.

He added that this was the first time FEG has acquired a firm.

With the deal having closed Wednesday, integration is expected to take place over the next several quarters. Mr. Harsh said he expects no staff reductions to be made.

Larry Thompson, president and senior consultant at his eponymous firm, will be senior vice president and consultant at FEG.