Tortoise Advisors acquired the investment management business of Ecofin Global.

Tortoise Advisors, a asset management company, acquired the investment management business of Ecofin Global, an investment trust. Financial terms were not disclosed. Kevin Birzer, Chief Executive Officer of Tortoise concluded: "We are thrilled to expand our focus globally and delighted that Ecofin's talented team will be joining Tortoise. We are very committed to helping Jean-Hugues and the rest of the Ecofin team continue to deliver a strong investment proposition and superior client service to EGL shareholders. Our culture is one that thrives on diverse ideas, viewpoints, opinions and backgrounds and the addition of our newest team members in London aligns perfectly with that mission."