The deal brings 10 new advisors and roughly 30 employees into the Caprock fold. Venturi, founded in 2015, has spent the last decade building a reputation for managing the complex needs of entrepreneurs and executives, ranging from wealth education to CFO-level family governance. By joining forces, the firm aims to offer these clients a broader suite of private market investments and deeper resources while maintaining the advisory-first culture that defined Venturi’s independence.
Caprock Acquires Venturi Private Wealth to Expand Family Office Reach
Boise-based multi-family office Caprock is absorbing Austin’s Venturi Private Wealth, a move that adds $4 billion in assets and establishes a new foothold in Oklahoma City. The acquisition unites two firms focused on ultra-high-net-worth clients, combining Caprock’s national scale with Venturi’s specialized advisory presence in the Texas market.
Following the transition, Venturi’s co-founder Russ Norwood and Oklahoma City office lead Joey Sager will step into roles as Managing Directors at Caprock. The integration allows the combined entity to leverage its increased footprint in the high-growth Texas market. While financial terms of the transaction were not disclosed, both sides emphasized that the alignment was driven by a shared fiduciary philosophy rather than simple expansion. Berkshire Global Advisors acted as the exclusive financial advisor for Venturi during the proceedings, with legal counsel provided by DLA Piper and Stoel Rives LLP.
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