Spartan Capital Merges with Pennsylvania Trust

November 23, 2011

On October 24, 2011, Berkshire Capital announced that Spartan Capital Management, LLC had agreed to become part of The Pennsylvania Trust Company, adding approximately $180 million in assets under management.


On October 24, 2011, Berkshire Capital announced that Spartan Capital Management, LLC had agreed to become part of The Pennsylvania Trust Company.  Pennsylvania Trust is a Radnor, Pennsylvania-based independent employee-owned investment and wealth management firm providing investment management and other financial services to individuals, families, foundations, and endowments.  Spartan’s entire executive and investment team is expected to join Pennsylvania Trust under the Pennsylvania Trust name and relocate to their offices by February 1, 2012.  The transaction will increase assets under management by approximately $180 million, bringing Pennsylvania Trust to approximately $2.2 billion in assets under management.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions