On April 15, 2019, Silvercrest Asset Management Group Inc. announced that it had entered into an agreement to acquire Cortina Asset Management, LLC.Pursuant to the agreement, Silvercrest Asset Management Group Inc. (“Silvercrest”) will acquire substantially all of the assets of Cortina Asset Management, LLC (“Cortina”). Terms of the deal were not disclosed.
Cortina is a Milwaukee-based asset management firm with $1.7 billion in assets under management, focusing on small cap growth equity strategies. Cortina was advised in the transaction by Park Sutton Advisors, LLC.
Silvercrest (Nasdaq: SAMG) is an independent registered investment advisor providing investment advisory and family office services to institutional investors and wealthy families. It had approximately $19 billion in assets under management as of December 31, 2018. Silvercrest was advised in the transaction by Raymond James | Silver Lane.
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