Static mesh does not show after using "Merge Actors" if the mesh is part of a child actor component that has been added to the blueprint

If a user has two blueprints, one with a static mesh and the other with a child actor component that contains a static mesh and that user uses the merge actors tool the child actor component's static mesh will not show up

1. Open the editor
2. Create a new blueprint (BP1)
3. Add a static mesh to the new blueprint (BP1)
4. Create another blueprint (BP2)
5. Add a child actor component to the blueprint (BP2)
6. Set the child actor component's class (in BP2) as the first blueprint (BP1)
7. Place both actors in the level and merge them
   Windows > Merge actors
8. Notice that the blueprint with the child actor component does not show up

Expected: The Static mesh within the child actor component would show up
Result: The static mesh that is part of the child actor components blueprint class no longer shows up