PE firm Parthenon to acquire $7.46 billion RIA

Parthenon Capital, a Chicago-based private equity firm, has entered into an agreement with RSM US, a diversified tax and consulting firm, to acquire Minneapolis-based RSM US Wealth Management, the firm’s registered investment adviser.

The advisory firm, which manages $7.46 billion, will be renamed Choreo, Parthenon said in a release.

The target date for the completion of the acquisition is Feb.18. Terms of the transaction were not disclosed.

Larry Miles, who served for a year as president and CEO of Freestone Capital Management and was formerly a principal of AdvicePeriod, will become Choreo’s CEO.

The post PE firm Parthenon to acquire $7.46 billion RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
%d bloggers like this: