The Montréal-based investment firm, Fiera Capital, announced on Monday, February 29, that they had made a deal to acquire the Ohio firm, Apex Capital Management. Apex Capital, which is based in Dayton, reportedly sold for 145 million dollars. The former head of Apex Capital, Nitin Kumbhani, will assume the role of vice president of consulting and chief of strategy. Fiera, which was founded in 2010 as the result of a merger between two Canadian firms, currently holds about 82 billion dollars in assets. This acquisition will allow Fiera to double its presence in the institutional investmenet market as well as the individual investment consulting market.
To read the press release, click HERE.