Guardian Capital Completes Acquisition of Galibier Capital
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Guardian Capital Group Limited Completes Acquisition
Guardian Capital Group Limited (TSX: GCG; GCG.A) is excited to announce the completion of its acquisition of Galibier Capital Management Ltd. This strategic move was initially outlined on June 20, 2024, and marks a significant milestone for Guardian as it expands its investment management capabilities and increases its assets under management by approximately C$1 billion. The acquisition brings a highly skilled team of investment professionals to Guardian, focused on fundamental equity research and valuation.
Insights from Leadership
George Mavroudis, Guardian’s President and Chief Executive Officer, expressed enthusiasm about this new partnership, stating, “We are truly pleased that Galibier founder, Joe Sirdevan, and his team are joining Guardian. We look forward to jointly building on the opportunities that lie ahead. The cultural alignment between our firms is strong, and we welcome the unique investment approach of Galibier into our comprehensive suite of strategies.”
Galibier’s New Chapter
Joe Sirdevan, Galibier’s Chief Executive Officer, shared his excitement as well, saying, “Having access to Guardian’s extensive resources will provide us with additional support as we continue implementing Galibier’s rigorous investment philosophy and processes for our clients. All of us at Galibier are thrilled to join the Guardian group.” This merging of firms is set to create numerous opportunities for both organizations moving forward.
Continuity in Management
It’s important to note that Galibier will retain its brand identity following the acquisition, and its current management and investment team will remain in place. They will continue to serve institutions, foundations, and individual clients through segregated accounts and pooled funds.
About Guardian Capital Group Limited
Guardian Capital Group Limited has established itself as a prominent global investment management company, catering to institutional, retail, and private clients via its subsidiaries. As of a recent reporting date, Guardian managed approximately C$58.6 billion in total client assets and oversees a proprietary investment portfolio valued at C$1.1 billion. Earlier this year, on July 2, Guardian completed its acquisition of Sterling Capital Management, adding an impressive C$104.0 billion (US$76.0 billion) in client assets.
Guardian’s Legacy
Founded in 1962, Guardian Capital Group has built a stellar reputation characterized by steady growth, long-term client relationships, and core values such as authenticity, integrity, stability, and trustworthiness. Its common and Class A shares trade on the Toronto Stock Exchange (TSX) as GCG and GCG.A, respectively.
About Galibier Capital Management Ltd.
Founded in 2012, Galibier Capital Management Ltd. is an asset management firm based in Toronto, Ontario. The firm emphasizes a disciplined investment process and provides advisory services through separately managed accounts and pooled funds, adhering to its investment philosophy of Growth at a Reasoned Price™. Galibier’s diverse clientele ranges from corporations and pension funds to charitable foundations and endowments.
Frequently Asked Questions
What is the significance of this acquisition?
The acquisition enhances Guardian's assets under management by approximately C$1 billion and strengthens its investment management capabilities.
Who is the founder of Galibier Capital Management?
Joe Sirdevan is the founder and Chief Executive Officer of Galibier Capital Management Ltd.
Will Galibier retain its identity after the acquisition?
Yes, Galibier will retain its brand, and its current management team will remain in place.
What are the key values of Guardian Capital Group?
Guardian emphasizes authenticity, integrity, stability, and trustworthiness in its operations.
When was Guardian Capital Group founded?
Guardian Capital Group Limited was founded in 1962 and has over six decades of experience in investment management.
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