Winnipeg-based Pavilion Financial Corp. has acquired Stratford Advisory Group, an institutional investment consulting firm based in Chicago. The transaction closed at the end of 2011. Terms of the agreement were not disclosed.
This is Pavilion’s second acquisition in the institutional investment advisory sector, having previously acquired Montreal-based Brockhouse & Cooper Inc.
“While Brockhouse Cooper currently services institutional clients in Canada, the U.S., Japan and the United Kingdom, Stratford materially enhances our capabilities in the United States,” said Martin Weinberg, president and CEO of Pavilion.
Stratford is Pavilion’s first acquisition in the U.S. market; however, Weinberg noted that the firm would seek out other complementary acquisition opportunities.
It is anticipated that both Stratford and Brockhouse & Cooper will begin operating under the Pavilion brand and banner in the latter part of 2012.