On October 20, 2025, Wellington-Altus Financial announced its minority investment from Kelso & Company.
Wellington-Altus Financial (“Wellington-Altus”) announced on October 20, 2025, its minority investment from Kelso & Company (“Kelso”). Upon completion of the transaction, Kelso will acquire a 25% minority stake in Wellington-Altus valued at $400 million. The transaction is expected to close in early 2026. Further terms of the transaction were not disclosed.
Wellington-Altus, based in Winnipeg, Manitoba, is the parent company of Wellington-Altus Private Wealth Inc., a wealth management firm offering financial planning services. Wellington-Altus has approximately $40 billion in assets under administration. Ardea Partners served as exclusive financial advisor to Wellington-Altus.
Kelso, based in New York, is a registered investment advisor and private equity firm with significant equity investments in the financial services sector and wealth management industry. As of April 2025, Kelso had approximately $16.7 billion in assets under management. Goldman Sachs & Co. served as financial advisor to Kelso on the transaction.
To read the press release: please click here.