Madison Investment Holdings to Acquire Broadview Advisors

June 24, 2019

On April 26, 2019, Madison Investment Holdings, Inc. entered into an asset purchase agreement with Broadview Advisors, LLC.

Pursuant to the agreement, Madison Investment Holdings, Inc. (“Madison”) will acquire substantially all of the assets of Broadview Advisors, LLC (“Broadview”). Following completion of the deal, Broadview President Rick Lane, along with Portfolio Managers Aaron Garcia and Faraz Farzam, will join Madison and continue managing the investment strategy. The agreement is subject to customary closing conditions and regulatory approvals and expected to close in the third quarter of 2019. Further terms of the deal were not disclosed.

Madison is a Madison, Wisconsin-based independent investment firm with more than $17 billion in assets under management, which provides customized portfolios to advisory and institutional clients. Madison offers domestic fixed income and equity strategies, international growth equity, and covered call equity.

Broadview is a Milwaukee, Wisconsin-based independent asset management firm focusing on small cap growth equity strategies. It has approximately $430 million in assets under management, primarily in small-cap equity assets. Park Sutton Advisors LLC served as financial advisor to Broadview in this transaction.


Investment Manager M&A, Transactions