The Riverside Company, a prominent private equity firm, has inked a definitive agreement to purchase The Townsend Group from Aon plc, a global professional services powerhouse. Townsend is globally respected in real estate and real asset advisory, managing assets over $218 billion. The deal fits within Aon’s strategic divestiture plan, ensuring a smooth handover due to Townsend’s autonomous history. At the transaction’s conclusion, Townsend’s President Anthony Frammartino will become Chairman and CEO, signifying continuity and a promise of evolution for clients and staff. Riverside’s Sean Ozbolt praised Townsend’s market leadership, foreshadowing a period of bolstered growth. Accompanying Riverside in the acquisition are institutional co-investors Bluerock, MLC Private Equity, and Ten Capital Management—the latter also advising on the deal. Particularly, Bluerock will forge a strategic alliance with Townsend to extend institutional investment services to affluent individual investors. Post-acquisition, while Aon will focus on its core areas of Risk and Human Capital, it will continue assisting real estate investment programs, collaborating with specialists, including Townsend, for specific needs. Eric Andersen of Aon expresses a positive outlook for Townsend post-transition. Financial terms remain undisclosed. Moelis & Company LLC and Kirkland & Ellis aided Aon, with Berkshire Global Advisors L.P. and Jones Day supporting Riverside in advisory capacities.

Private Equity, Professional Services, Real Estate Investment, Legal and Financial Advisory,Global, United States, United Kingdom, Hong Kong, San Francisco

https://www.riversidecompany.com/currents/townsend-group-investment-news-release/