On February 6, 2025, Carnegie Investment Counsel announced its acquisition of Eagle Ridge Investment Management.
Carnegie Investment Counsel (“Carnegie”) announced, on February 6, 2025, that it acquired Eagle Ridge Investment Management (“Eagle Ridge”). Eagle Ridge’s full staff and leadership team will remain in place as part of the deal, which closed on February 4, 2025. Further terms of the transaction were not disclosed.
Carnegie, based in Cleveland, Ohio, is a registered investment advisor offering investment management, wealth management and corporate retirement plan services. As of December 2024, Carnegie had approximately $5 billion in assets.
Eagle Ridge, based in Stamford, Connecticut, is a registered investment advisor offering investment management and portfolio management services. As of February 2025, Eagle Ridge had approximately $1.3 billion in assets under management. Berkshire Global Advisors served as financial advisor to Eagle Ridge.
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