AGF has signed an agreement to acquire about 80% of London, Ontario-based Highstreet Partners Limited, which manages $4.8 billion in assets, for an undisclosed amount.
The current management team at Highstreet—whose clients include pension plans and corporate investors—will continue to own approximately 20% of the firm.
Upon completion of the deal, AGF’s private investment group will manage more than $11 billion in institutional and private client assets. Total assets under management will rise to $46 billion.
“Highstreet is an outstanding acquisition for AGF,” says Blake Goldring, chairman and chief executive officer of AGF. “It provides us both executive leadership and complements our investment management expertise.”
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