On February 4, 2022, Lorne Park Capital Partners Inc. announced that it had entered into an agreement to acquire W.H. Shutt & Associates Inc.
Under the terms of the transaction, Lorne Park Capital Partners Inc. (“Lorne Park”) will acquire W.H. Shutt & Associates Inc. (“WHS”) through Lorne Park’s wholly owned subsidiary Bellwether Investment Management Inc. (“Bellwether”). Bellwether, which is already managing WHS’s assets, will pay $5,850,000 for all of WHS’s shares. The transaction, subject to customary closing conditions, was expected to close on February 14. Further terms were not disclosed.
Lorne Park, based in Oakville, Ontario, is a boutique investment management and wealth advisory firm.
Bellwether is a boutique investment manager providing services, such as global equity and fixed income strategies, to investors, estates, trusts, and foundations.
WHS is an Ontario-based corporation with approximately $145 million in assets under management.
To read the press release: please click here.