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Articles tagged "Genstar Capital"


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Tony Salewski: Foreside is a signature Genstar transaction ... supported by compelling secular GRC tailwinds.

Genstar buys sprawling RIA and BD compliance complex from Lovell Minnick to widen roll-up efforts

The $33-billion private equity firm adds '$1-trillion' Foreside Financial as 'signature' holding and sees 'secular GRC tailwinds' in making compliance into a more widely outsourced service

July 7, 2021 at 7:24 PM

Teresa Hassara joined Ascensus as president of its FuturePlan unit in April.

Ascensus sells for $3 billion after failing to draw buyers for one-third less in 2018, but faith and patience pay off with 50% premium on deal

Investors Genstar, Aquiline and Atlas sold Ascensus for a deal valued at $3 billion to rollup IPO-prep experts at Stone Point, according to reports.

May 1, 2021 at 5:21 AM

Bob Guillocheau: [This] most certainly isn’t a climb-down; to the contrary, I’d say that it reflects our existing owners’ bullishness.

After $2-billion asking price for Ascensus gets no bites, Genstar and Aquiline opt to sell 25% stake to juice roll-up kitty

Atlas Merchant Capital and GIC are the new financiers but the capital raise suggests inorganic growth is still Plan A

March 11, 2019 at 6:39 PM

Robert Moore: I have been dealing with a health issue that has continued to require treatment .

CEO Robert Moore's abrupt departure from Cetera for 'health reasons' throws dark clouds over ambitious expansion plans for star-crossed broker-dealer

The official version is health concerns but people close to the firm cite Moore cross swords with Genstar; ex-Schwabbie Ben Brigeman steps in as CEO search launches

February 20, 2019 at 7:24 PM

Oriana DeRose: We are ready to build a national sales presence and develop deeper relationships with our rapidly expanding client base.

RIA in a Box gunning for top-notch staff as it readies for Aquiline-fueled roll-up binge, targeting old-school, mom-and-pop compliance competitors

With Ascensus also in its portfolio, Aquiline is showing a penchant for taking dull, fragmented, unloved wealth-management niche businesses and rolling them up into sexier firms

November 29, 2018 at 11:54 PM

Tony Salewski: Cetera's ability to recruit advisors moves the needle in a way that's the most attractive to grow ... There's so much we can do at the base that M&A is not the key part of the thesis.

After RIA private equity hot-shot Genstar's $1.7 billion purchase of ugly duckling Cetera, Robert Moore plans to take on LPL--not with acquisitions, but a recruitment storm

Genstar bought a majority share in Cetera in July for a rumored $1.7 billion; now Genstar MD Tony Salewski and ex-LPL President and Cetera CEO Robert Moore have put ramping up the rep count front-and-center in their plans to turn the long-troubled IBD ugly duckling into a market giant at LPL's expense.

August 15, 2018 at 12:35 AM

Dave Welling: Joe [Duran] does a reasonable job but we're further out on the spectrum of integration.

Determined to out-Joe-Duran Duran's United Capital, Dave Welling moves his $12B roll-up's HQ to Denver

As Mercer's torrid growth accelerates, its new CEO will hyper-unify investments and operations, make deals, pit software vendors against each other and hire like crazy

February 14, 2018 at 6:18 PM

Jack Rivkin: I interviewed lots of people for three to four months but nobody met all the criteria. I pulled a Dick Cheney and said: I can do this.

VC firm installs one of its own, a Lehman Bros. legend, to get Altegris in gear

After months of searching on behalf of Aquiline, Jack L. Rivkin decided to nominate himself

March 13, 2014 at 3:53 AM

Gurinder Ahluwalia: You want to be something that the parent gets excited about.

Genworth's TAMP is bought up by two private-equity firms for $412 million

After a long spell on the block, Aquiline Capital and Genstar Capital coughed up the cash to buy the roll-up of Altegris, AssetMark and Centurion

March 28, 2013 at 3:45 PM

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