On July 20, 2021, William Blair Investment Management, LLC announced that it had acquired Investment Counselors of Maryland, LLC.
Under the terms of the agreement, William Blair Investment Management, LLC (“WBIM”) acquired Investment Counselors of Maryland, LLC (“ICM”). The merger occurred on July 17, 2021. As part of the merger, the ICM Small Company Portfolio was reorganized into the William Blair Small Cap Value Fund. Further terms of the deal were not disclosed.
WBIM, based in Chicago, Illinois, is a global investment management boutique firm, focused solely on active management across fixed income, equity, currency, and multi-asset strategies. As of December 31, 2020, William Blair managed approximately $70 billion in assets. Raymond James Financial, Inc. acted as financial advisor to WBIM on the transaction.
ICM, based in Baltimore, Maryland, is a boutique investment advisory firm that focuses on value-driven investing across domestic small- and mid-cap companies. ICM has $3.2 billion in assets.
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