CHICAGO--(BUSINESS WIRE)--Segall Bryant & Hamill, LLC, an independent investment management firm based in Chicago, Illinois, announced today that it has finalized its acquisition of Denver Investments. The combined entity will be named Segall Bryant & Hamill LLC (“SBH”) and will have close to $20 billion in assets under management.*
“This acquisition brings together two culturally-aligned organizations that were like mirror images of each other,” said Philip L. Hildebrandt, SBH’s chief executive officer. “We believe that clients will have the opportunity to benefit from our deeper investment teams, broader investment offerings, an expanded geographical presence, and our enhanced client service and distribution capabilities.”
Both firms have strong institutional and wealth management businesses, in addition to well-established mutual fund platforms. The Westcore Funds—which were advised by Denver Investments—will become part of the SBH mutual fund family. With the added funds, SBH now offers a total of 18 mutual funds across 14 asset classes.
“This is an exciting moment in our firm’s history, but this acquisition is not about us,” said Mr. Hildebrandt. “We firmly believe that this combination will help us serve our clients better and lead to continued long-lasting relationships.”
RBC Capital Markets served as exclusive financial advisor to Denver Investments. Goodwin Proctor acted as legal counsel to Segall Bryant & Hamill. Morgan Lewis acted as legal counsel to Denver Investments. Financial terms were not disclosed.
*Assets under management(AUM) totaled approximately $19.9 billion as of March 31, 2018, reflecting the combined AUM of Segall Bryant & Hamill and Denver Investments as of that date.
About Segall Bryant & Hamill
Segall Bryant & Hamill (SBH) is an independent firm headquartered in Chicago, with offices in Denver, St. Louis, Philadelphia, and Naples, Florida. The firm was established in 1994 and had approximately $19.9 billion in assets under management (AUM) as of March 31, 2018, reflecting the combined AUM of SBH and Denver Investments as of that date. SBH offers a range of investment strategies and solutions for institutional clients and individual investors, including domestic, international, and global equity; fixed income; and alternatives. For more information, please visit www.sbhic.com.
There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.
Please consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. A prospectus, which contains this and other important information about the Fund(s), is available at www.sbhfunds.com/literature. Please read the prospectus carefully before investing.
The Segall Bryant & Hamill All Cap Fund, Segall Bryant & Hamill Small Cap Value Fund, Segall Bryant & Hamill International Small Cap Fund, and Segall Bryant & Hamill Emerging Markets Fund are distributed by IMST Distributors, LLC. All of the funds of the Segall Bryant & Hamill Trust are distributed by ALPS Distributors, Inc.
