Announced
Completed
Financials
Tags
asset management
United States
Private Equity
Single Bidder
Domestic
Asset Managers and Custodians
Acquisition
Majority
Private
Completed
Friendly
Synopsis
Steward Partners Global Advisory, a private equity firm, completed the acquisition of Freedom Street Partners, an asset management firm. Financial terms were not disclosed. "Establishing this new division allows us to expand our business model and we believe it will be a key component of our future growth, attracting a new segment of advisors to Steward Partners. The acquisition of Freedom Street Partners' wealth management business is an important step in expanding our already successful business, and as we welcome our new partners to the Steward Partners family, we will work with them to continue to build this attractive opportunity," James Gold, Steward Partners Co-Founder and CEO.
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