Flexpoint to Acquire Clearstead

INVESTMENT MANAGEMENT DEALS BLOG

October 29, 2021

On October 6, 2021, it was announced that Flexpoint Ford, L.L.C. will acquire Clearstead Advisors, L.L.C.

Under the terms of the transaction, Flexpoint Ford, L.L.C. (“Flexpoint”) will acquire Clearstead Advisors, L.L.C. (“Clearstead”). Clearstead’s management will remain significant stakeholders in Clearstead; however, Rosemont Investment Partners will exit its minority interest in Clearstead following the transaction’s completion. The transaction is expected to close in mid-December. Further terms of the deal were not disclosed.

Flexpoint, based in Chicago, is a private equity investment firm specializing in privately negotiated instruments in the healthcare and financial services industries. Flexpoint has approximately $5.4 billion of assets under management.

Clearstead, based in Cleveland, Ohio, manages money for wealthy individuals and offers investment consulting and outsourced chief investment officer (OCIO) services for pension plans, 401(k) plans, endowments, and nonprofit organizations.

To read the press release: please click here.