Invesco acquired Source.

Invesco acquired Source, a leading, independent specialist provider of exchange-traded funds, from Warburg Pincus, BAML, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura. Financial terms were not disclosed. “We’re excited about this opportunity to build on Invesco’s 40 years of factor investing experience and our existing PowerShares ETF business, which will significantly enhance our ability to deliver meaningful solutions to institutional and retail clients in Europe and around the world,” said Martin L. Flanagan, president and CEO of Invesco. “The addition of Source will help us meet increasing demands from clients who want to work with investment organizations that can deliver across the full range of investment capabilities and provide the outcomes they seek.”