Stirrup Partners to Sell Washington Asset Management

May 14, 2012

On May 9, 2012, Stirrup Partners announced that it had entered into a non-binding letter of intent to sell Washington Asset Management II, LLC, a registered investment advisor, to an investor group led by Paul Dietrich, CEO of Foxhall Capital Management 


On May 9, 2012, Stirrup Partners LLC announced that it had entered into a non-binding letter of intent to sell Washington Asset Management II, LLC, a registered investment advisor owned by Stirrup, to an investor group led by Paul Dietrich, CEO of Foxhall Capital Management, Inc.  The sale is subject to closing conditions, including agreement between the parties on definitive documents.  The acquisition proposal is an attempt to restructure a prior agreement, which did not close, by which Washington Asset Management would acquire certain client accounts and other assets from Foxhall. 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions