CS McKee Welcomes Timothy Ford as New CEO Amid Foundry Acquisition
Deal News | Apr 28, 2025 | EIN
North Square Investments' affiliate, CS McKee, is undergoing a significant transition as it integrates the recently acquired Foundry Partners into its operations. Announced previously in November, this acquisition brings approximately $2.3 billion in assets under management to CS McKee. The merger not only strengthens the firm's portfolio but also ushers in leadership changes. Timothy Ford, currently President and CEO of Foundry Partners, will take the helm at CS McKee as its new CEO. This comes as a result of Mark Gensheimer's retirement, after a commendable 44-year career in the investment industry, 20 of which were with CS McKee. Gensheimer played a key role in guiding the firm through various market challenges and its acquisition by North Square Investments in 2020. The merger is set to preserve existing client relationships and maintain CS McKee's reputable investment processes.
Sectors
- Investment Management
- Private Equity
Geography
- United States – The companies involved, CS McKee, North Square Investments, and Foundry Partners, are based in the United States.
Industry
- Investment Management – The article centers on the acquisition of Foundry Partners, an investment management firm, by CS McKee, also an investment manager.
- Private Equity – North Square Investments, which is a private equity firm, plays a significant role in the acquisition process of Foundry Partners by CS McKee.
Financials
- $2.3 billion – Assets under management added to CS McKee as a result of the Foundry Partners acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CS McKee | Target Company | Company | An investment management firm that has acquired Foundry Partners. |
| Foundry Partners | Selling Company | Company | An independently owned investment management firm acquired by CS McKee. |
| North Square Investments | Bidding Company/Parent Company | Company | A private equity firm and parent company of CS McKee, facilitating the acquisition of Foundry Partners. |
| Timothy Ford | Incoming CEO | Person | Current President and CEO of Foundry Partners, set to become the new CEO of CS McKee. |
| Mark Gensheimer | Retiring CEO | Person | Former President and soon to be retired CEO of CS McKee. |
| Mark Goodwin | CEO of North Square Investments | Person | CEO and co-founder of North Square Investments, overseeing the acquisition. |