Easterly will acquire Snow Capital

Easterly Investment Partners, a Beverly, Massachusetts-based asset management company, has entered into a definitive agreement to acquire an equity interest in Snow Capital Management, a value equity manager based in Sewickley, Pennsylvania.

The transaction, terms of which were not disclosed, is expected to close by July 1.

Snow Capital manages $1.6 billion in assets. When combined, Easterly and Snow entities will manage approximately $5 billion.

[More: David Booth of DFA is taking a value victory lap]

Retirees who saved up aren’t spending down

The post Easterly will acquire Snow Capital appeared first on InvestmentNews.

As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *