Teton Advisors Acquires Keeley Asset Management

March 2, 2017

On March 1, 2017, Teton Advisors, Inc. announced that it completed the acquisition of Keeley Asset Management Corp.

The new entity, Keeley-Teton Advisors, LLC (“Keeley-Teton”), a new Chicago-based subsidiary of Teton Advisors, Inc. (“Teton”), will be led by Kevin Keeley and Robert Kurinsky of Keeley Asset Management Corp. (“Keeley”) as Executive Chairman and President, respectively. At closing, Keeley-Teton’s assets under management were $2.4 billion.

Teton is a Rye, New York-based multi-strategy investment advisor. Teton is a registered investment advisor to seven open-ended mutual funds and offers both funds and separately managed accounts to individuals and institutions. At closing, Teton’s assets under management were approximately $1.4 billion.

Keeley, founded in 1982 by John L. Keely, Jr., was a privately owned asset management firm based in Chicago. Keeley’s clients included institutional, individuals and family trusts and the KEELEY Funds, an open-ended publicly traded group of mutual funds, all of which were absorbed by Keeley-Teton.

To read the press release: please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions