Guardian Capital, a private equity firm, agreed to acquire Sterling Capital, an independent investment manager, from Truist Financial, a bank holding company, for $70m. “We are very excited to have Sterling join the Guardian group of companies as the acquisition significantly enhances our overall scale as a global asset manager and expands our platform for future growth. Sterling’s pursuit of excellence aligns perfectly with Guardian's commitment to investment quality and innovation. Sterling shares and complements our approach and values in addition to adding new capabilities and investment strategies that enhance our offering in the United States,” George Mavroudis, Guardian President and CEO.