CS McKee, a majority-owned affiliate of North Square Investments, will see its assets under management grow through a new acquisition.
Foundry Partners, a firm founded in 2012 with headquarters in Cleveland, Ohio and offices in Minneapolis, Minnesota, will be acquired through CS McKee and will be merged into the firm.
"Foundry Partners has an outstanding reputation as a high-quality equity investment manager with continuity and experience, which greatly complements North Square's existing business and will be accretive to CS McKee's respective goals for growth" said Mark Goodwin, Co-Founder and CEO of North Square. The acquisition is expected to add more than $2.3 billion to CS McKee's assets under management.”
The North Square/CS McKee deal was announced by Foundry Partners’ president and CEO Timothy Ford who started in investment industry career at CS McKee and will now return to the firm as part of its senior management team.
"As we become part of CS McKee, we are thrilled to be maintaining continuity for our clients, with no changes to our investment processes or the skilled and experienced team of Foundry investment professionals who have built our distinguished track record and contributed to the success of our firm," Ford said.
The transaction is expected to close in the first quarter of 2025 subject to the usual conditions. It will be North Square’s third transaction announced or closed in 2024.
North Square was founded by industry veterans in 2019 and had $1.9 billion AUM in 11 mutual funds and one closed end fund as of September 30, 2024. With its ownership interests in CS McKee (majority) and Oak Ridge Investments (minority), collective assets under management and advisement totaled $12.7 billion.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
