119^th Street Capital (“119^th“), a private investment firm specializing in financial services, is pleased to announce its strategic investment in Maridea Wealth Management (“Maridea”), a leading independent wealth management firm. This investment, made alongside Pelican Capital (“Pelican”), will support Maridea’s continued growth, expansion, and commitment to delivering best-in-class advisory services to individuals and families across the United States.

Founded in 2023 by Mier Wang and headquartered in New York City, Maridea provides a comprehensive suite of services, including financial planning, investment management, insurance and risk management, and retirement and multi-generational planning. The firm is dedicated to helping clients achieve their long-term financial goals through thoughtful, objective investment strategies and personalized service.

The investment will enable Maridea to continue its pursuit of strategic acquisitions and partnerships, further enhancing its service offerings and expanding its national presence.

"Maridea, with its relationship based & people-first culture, perfectly aligns with 119^th Street Capital’s investment philosophy," said Anthony Contrucci, Managing Partner at 119^th Street Capital. "We believe in their vision and are excited to partner with Pelican to support Maridea’s continued growth.”

About Maridea Wealth Management

Maridea Wealth Management is an independent advisory firm dedicated to providing clients with objective, thoughtful investment and financial guidance. The firm offers a comprehensive suite of services designed to align clients' goals, tax strategies, assets, estate planning, and strategies for a secure and prosperous future.

To learn more please visit marideawealth.com.

About 119^th Street Capital

119^th Street Capital is an Indiana-based private investment firm with an exclusive focus on investment in privately owned financial service firms. The firm partners with growth-oriented leaders to build exceptional companies, leveraging deep sector expertise and an extensive industry network. As a wholly owned subsidiary of First Bancshares, Inc. 119^th Street Capital’s financial services roots date back over 130 years and five generations of the Schrage Family.

To learn more please visit 119th.com.

About Pelican Capital

Pelican Capital is a New York-based financial and business services investment firm focused on influence-oriented and control investments. Pelican’s business model centers around proprietary sourcing and flexible structuring, leveraging longstanding relationships and reputation to pursue unique, non-competitive opportunities.

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