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Nichols Cauley, Partners Risk Services, and JGH Consulting Merge to Establish New Platform in Partnership with Madison Dearborn Partners
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Subscribe05 JAN 2026 / M&A UPDATES
Nichols Cauley, Partners Risk Services, and JGH Consulting has announced a merger to form a new integrated financial services platform, supported by investment from Madison Dearborn Partners. The merged entity will offer a range of financial services to small and midsize businesses and aims at expanding its service offerings and geographic reach.
Atlanta-based firm Nichols Cauley has announced a merger with Partners Risk Services and JGH Consulting to form a new integrated financial services platform, supported by a strategic growth investment from Madison Dearborn Partners (MDP).
The combination creates a one-stop platform delivering accounting, tax, audit, insurance and transaction advisory services to privately held small and midsize businesses, entrepreneurs and family-owned companies. Backing from Chicago-based MDP provides capital and industry expertise to support expansion, enhance service offerings and extend the platform’s geographic reach.
“We are delighted to support this innovative combination of three complementary financial services businesses into a unified platform,” said Vahe Dombalagian, managing partner and co-head of financial services at MDP. “We look forward to working closely with leadership to deliver an integrated client experience across the Southeast and beyond.”
Leadership continuity remains a priority. Todd Giddens, managing partner of Nichols Cauley, will serve as chief operating officer. Joe Thompson, CEO of Partners Risk Services, will lead risk management and insurance services, while Greg Hicks, managing partner of JGH Consulting, will oversee transaction advisory. Alan Whitman has been named CEO of the combined platform.
“This merger is about making sophisticated business solutions more accessible and impactful for our clients,” Giddens said. “By combining our strengths, we expand our ability to deliver meaningful, value-driven services across every stage of a client’s journey.”
The transaction is expected to close in the first quarter of 2026. Following completion, Nichols Cauley will operate under an alternative practice structure, with separate entities providing attest and non-attest services.
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