CLEVELAND & LONDON -- Boyd Watterson Asset Management (“Boyd Watterson”) and Amber Infrastructure Group Holdings Limited (“Amber”) announced they have completed their previously-announced strategic combination. The transaction closed on August 30 following the receipt of all necessary investor consents and regulatory approvals, including UK FCA consent.
The combination creates a global diversified Real Estate, Infrastructure, and Fixed Income asset management platform with approximately $35.7 billion in AUM. The new Company, including its operating subsidiaries, is a premier global alternatives investment manager with over three-hundred investment personnel, offices in eight US cities and twelve countries.
Boyd Watterson’s and Amber’s clients, partners, and employees are expected to benefit from the enhanced scale of the combined global platform underpinned by a diversified revenue base, expanded product opportunities, and enhanced investment acumen. Operating under a common parent company, Boyd Watterson LLC, will enhance both companies’ reach and capabilities, expanding potential investment opportunities for their global client base.
“We are excited to have officially joined forces, which opens up exciting new investment opportunities for our clients,” said Brian Gevry, CEO of Boyd Watterson. “We’re both leaders in our respective asset classes, with a shared commitment to excellence and innovation. Now we are able to combine our strengths to offer enhanced products to our clients that surpass their expectations and drive long-term success.”
“The ability to operate under a unified parent company brings increased long-term investment potential to our clients,” said Gavin Tait, Amber’s CEO. “Our firms share a strong commitment to delivering exceptional client service and have extensive experience collaborating with governments and governmental agencies. This strategic alignment will provide Amber with greater scale to expand its global infrastructure business, including opportunities in U.S. infrastructure, while also unlocking new possibilities for Boyd Watterson's clients.”
Hunt Companies (www.huntcompanies.com), an investor in both companies, recognized the complementary businesses and facilitated the transaction.
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