On December 16, 2016, Avalon Advisors, LLC announced that four private families and a group of employees acquired a minority interest previously held by outside investors.
The minority interest in Avalon Advisors, LLC (“Avalon Advisors”) was previously held by certain outside investors, which included The Carlyle Group. As a result of the transaction, local families and employees will hold a majority interest in Avalon Advisors. The transaction is expected to close this month.
Avalon Advisors, based in Houston, is an independent registered investment advisor and provides financial and asset management advice to institutions, families and individuals.
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