SolomonEdwards Completes Acquisition of Dominion Advisory Group
SolomonEdwards, a national professional services firm, has completed the acquisition of Dominion Advisory Group (DAG), a U.S.based advisory firm specializing in antimoney laundering (AML) and financial crime consulting. Founded in 2005, DAG is renowned for delivering highquality services to help clients develop, operate, and enhance AML and financial crime mitigation programs. This acquisition bolsters SolomonEdwards core offerings in banking, financial services, and regulatory compliance, expanding their capabilities in providing comprehensive services.
DAG founders Jon Glass and Pete Balint will assume the roles of partners within SolomonEdwards, leading the new AML and financial crime consulting practice. All DAG employees will transition to SolomonEdwards, maintaining uninterrupted service to clients.
John Gulnac, CEO of SolomonEdwards, commented on the acquisition: “The addition of Dominion Advisory Group marks another strategic step in the growth of SolomonEdwards as an established national professional services firm, expanding our market reach and opening new revenue streams.”
Jon Glass, cofounder of DAG, expressed enthusiasm about the acquisition: “Jon and I have spent the past 20 years building DAG, and we’re excited to continue in a handson role as we join SolomonEdwards. The synergies between our firms are undeniable, and we look forward to delivering exceptional results by uniting our highly skilled teams and networks across financial, operational and technology initiatives.”
In 2022, SolomonEdwards received growth capital investment from private equity partner Renovus Capital Partners. The acquisition accelerates SolomonEdwards evolution from a regionally focused business to a national professional services platform with broadened reach in the financial services industry.
Lee Minkoff, Managing Director of Renovus, stated: “We’re pleased to see the strong momentum at SolomonEdwards with John providing a spark to the business, driving both organic and inorganic growth since joining as CEO earlier this year.”
For more information, visit [SolomonEdwards](https://www.solomonedwards.com) and [Dominion Advisory Group](http://dominionadvisors.com).
Article