Foundry: North Square Acquires Foundry Partners
Deal News | Nov 27, 2024 | Founder Foundry LLP
Foundry Partners, LLC, a value-oriented investment adviser based in Cleveland, Ohio, with additional offices in Minneapolis, Minnesota, is set to be acquired by North Square Investments. The acquisition will be executed via North Square's majority-owned affiliate, CS McKee. This strategic move aims to enhance North Square's market presence and leverage Foundry Partners' expertise in value-driven investment strategies. The transaction aligns with North Square's growth objectives and strengthens its position within the investment advisory space.
Sectors
- Investment Management
- Financial Services
Geography
- United States – The companies involved, Foundry Partners and North Square Investments, are based in the United States, with operations in Ohio and Minnesota.
Industry
- Investment Management – The article concerns the acquisition of an investment adviser, Foundry Partners, highlighting its relevance to the investment management sector.
- Financial Services – Both Foundry Partners and North Square operate within the broader financial services industry, providing investment advisory services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foundry Partners, LLC | Target Company | Company | An independently owned value-oriented investment adviser based in Cleveland, Ohio, with offices in Minneapolis, MN. |
| North Square Investments | Bidding Company | Company | A firm acquiring Foundry Partners through its affiliate. |
| CS McKee | Affiliate/Acquirer | Company | A majority-owned affiliate of North Square Investments executing the acquisition. |