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Announced

Guardian Capital to acquire a 70% stake in Agincourt Capital Management.

Synopsis

Guardian Capital Group, a capital investment management company, agreed to acquire a 70% stake in Agincourt Capital Management, an investment management firm. Financial terms were not disclosed. "We're very pleased to partner with the Agincourt principals and to continue to grow our presence in the United States. They have an excellent pedigree, time tested and proven over the more than 20 years they have been in business. It’s clear that our firms share many of the same cultural values and that adding a firm of this quality to Guardian’s group of companies supports our strategic intent. The purpose and execution of this transaction has very strong parallels with Guardian’s acquisition of a majority interest in Salt Lake City-based Alta Capital Management early in 2018," George Mavroudis, Guardian President and CEO.

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