Rosemont to take Minority Stake in Hartland

INVESTMENT MANAGEMENT DEALS BLOG

April 3, 2017

Hartland & Co. announced that Rosemont Investment Partners will acquire a minority equity stake as part of a management-led recapitalization of the firm.

Hartland & Co., LLC (“Hartland”) is a Cleveland-based institutional and wealth advisory firm founded in 1989 and having nearly $18 billion of assets under management and advisement. The recapitalization includes investments by 28 current and new Heartland employee-owners, increasing employee ownership to a significant majority of the firm. Hartland’s 72 employees work from offices in Cleveland and Columbus, Ohio, Portland, Maine and New York. Rosemont Investment Partners, LLC is a private equity firm focused exclusively on investments in asset and wealth managers, with Hartland representing its 29th such investment. Silver Lane Advisors LLC acted as financial advisor to Hartland in connection with the transaction.

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