AssetCo, a firm principally involved in the provision of management and resources, completed the acquisition of River & Mercantile, a firm that provides advisory and investment solutions and services, for $132m. "At RMG we have built a successful and high performing asset management business based on the hard work and performance of my colleagues, and the trust and confidence of our valued clients. This transaction secures continuity of the environment and investment culture that has been a critical factor to the success of the business and provides stability and support as the business continues to invest for the future. AssetCo is building an impressive platform with experienced leadership and this acquisition is a key element in their exciting plans," James Barham, River & Mercantile CEO.