Westwood completed the acquisition of the asset management business of Salient Partners for $60m.

Westwood, an investment management boutique and wealth management firm, completed the acquisition of the asset management business of Salient Partners, an investment firm, for $60m. “This highly accretive acquisition strengthens Westwood’s business and provides many growth opportunities going forward. Our enhanced investment capabilities will help our investors achieve their objectives, including seeking alternative sources of income, gaining inflation protection by investing in real assets, achieving low correlations with traditional asset classes and mitigating overall volatility. Incorporating these strategies into our product suite allows us to capitalize on the substantial investments we have made over the last several years to strengthen our distribution platform. Together, we are looking forward to serving a wider range of client needs and accelerating the growth of our business,” Brian O. Casey, Westwood CEO.