SurgeONE.ai, Sid Yenamandra’s Agentic AI platform, announced the acquisition of MGL Consulting, a well-known industry compliance firm.
With this acquisition, Yenamandra partners with another industry veteran, Melinda “Mimi” G. LeGaye, to deepen SurgeONE’s practitioner roots and distance the firm from legacy providers and new entrants by embedding real human expertise or human-in-the-loop across its technology and service model.
“My team and I are thrilled to join forces with SurgeONE at a critical inflection point for the industry,” said LeGaye.
Founded in 1984 by compliance industry veteran LeGaye, MGL has supported broker-dealers, investment advisors and commodities firms for more than four decades with domain expertise. MGL has worked with hundreds of firms through formation, registration and ongoing compliance oversight. As a third-party consultant, MGL provides inspections, advertising and communications review, regulatory audit readiness, litigation support and outsourced CCO and FinOP services. Its flagship Sentinel Program offers a compliance framework to independent firms nationwide.
LeGaye added, “Sid and his team are building modern, unified workflows to reduce the burden on compliance teams, enhance real-time oversight and improve collaboration across stakeholders. MGL brings the deep expertise and relationships to help accelerate this transformation.”
As part of SurgeONE, LeGaye will continue to lead MGL as CEO of MGL and as President, Compliance Services. While MGL’s leadership and team of professionals remain unchanged, they now gain access to SurgeONE’s AI capabilities, platform architecture and client ecosystem.
“MGL is more than a compliance firm — it’s a pillar of the industry, built by people who understand the regulatory landscape because they’ve lived it,” said Yenamandra, CEO of SurgeONE.ai. “This acquisition strengthens our ability to support clients with not only smarter workflows and automation, but with the human judgment and trusted relationships that are critical to navigating regulatory complexity.”
Backed by Surge Ventures, SurgeONE looks to combine automation with practitioner expertise to deliver smarter workflows, real-time oversight and scalable risk management to financial services firms facing evolving regulatory demands. After this latest acquisition, SurgeONE’s end-to-end solution, built to unify compliance, cybersecurity and data operations, includes MGL Consulting, Security Snapshot, RegVerse and Kovair.
