On June 7, 2024, Cresset Asset Management, LLC announced its acquisition of The Connable Office, Inc.
Cresset Asset Management, LLC (“Cresset”) announced that it acquired The Connable Office, Inc. (“Connable”). With this acquisition, the combined firm will manage more than $50 billion in assets on behalf of high-net-worth clients. Further terms of the transaction were not disclosed.
Cresset, based in Chicago, is a multi-family office and private investment firm for entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. As of June 2024, Cresset had $50 billion in assets under advisement.
Connable, based in Kalamazoo, Michigan, is a multi-family office and private trust company for high-net-worth clients. As of June 2024, Connable had $1.6 billion in assets under management. Republic Capital Group served as financial advisor to Connable on the transaction.
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