CI Financial to Acquire Budros, Ruhlin & Roe

September 15, 2021

On August 10, 2021, CI Financial Corp. announced it that will acquire Budros, Ruhlin & Roe, Inc.

Under the terms of the transaction, CI Financial Corp. (“CI”), will acquire Budros, Ruhlin & Roe, Inc. (“BRR”). Terms of the deal were not disclosed.

CI (NYSE: CIXX) is an independent company, based in Toronto, Canada, engaged in global asset management and wealth management advisory services. As of June 30, 2021, CI had approximately $245.2 billion in assets under management and advisement.

BRR, based in Columbus, Ohio, is an independent fee-only wealth management firm that offers comprehensive and customized investment management, wealth management, and retirement plan services for institutions, families, and individuals. As of June 30, 2021, BRR had approximated $3.4 billion in assets under management and advisement.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions