Guardian Capital Group Limited, through its subsidiary Guardian Capital LLC, has completed the acquisition of Sterling Capital Management LLC, an investment management firm based in Charlotte, North Carolina. The acquisition will increase Guardian’s assets under management and assets under administration by approximately US$77 billion (C$106 billion), scaling its operations as a prominent global asset manager. This strategic move aims to bolster Guardian’s growth in the US market. Both companies see the acquisition as a harmonious alignment that will enhance client and asset expansion, capabilities, and product offerings. Sterling’s investment teams will continue to operate autonomously post-acquisition. Cambridge International Partners LLC, Pryor Cashman LLP, and Cherry Bekaert LLP advised Guardian on the acquisition.

Financial Services, Investment Management,Canada, United States

https://www.globenewswire.com/news-release/2024/07/02/2907845/0/en/Guardian-Capital-Group-Limited-completes-acquisition-of-Sterling-Capital-Management-LLC.html