On November 19, 2024, Horizon Investments, LLC announced it has entered into an agreement to acquire Centre Asset Management, LLC.
Horizon Investments, LLC (“Horizon”) announced, on November 19, 2024, that it entered into an agreement to acquire Centre Asset Management, LLC (“Centre”). Under the terms of the transaction, Horizon will acquire most of Centre’s assets. The deal is expected to close in the first half of 2025. Centre’s founder, James Abate, will join Horizon as Managing Director of Fundamental Equities, and continue to serve as the portfolio manager for Centre’s strategies. Further terms of the transaction were not disclosed.
Horizon, based in Charlotte, North Carolina, is a financial advisory firm offering client customized solutions, risk mitigation, and retirement income strategies. As of April 2024, Horizon had approximately $4.46 billion in assets under management.
Centre, based in New York, is an active asset manager managing differentiated products in fund advisory and sub-advisory mandates in institutional and investor share classes. As of October 2024, Centre had approximately $546 million in assets under management.
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