North Square Investments Expands Through Strategic Acquisition
North Square Investments Completes Strategic Acquisition
North Square Investments has made headlines recently with the successful acquisition of Foundry Partners via its majority-owned affiliate, CS McKee. This significant move was confirmed by Mark Goodwin, Co-Founder and Chief Executive Officer of North Square Investments, who articulated the strategic benefits of merging Foundry Partners with CS McKee.
Founded in 2012, Foundry Partners has carved a niche for itself in the investment world, managing a diverse portfolio of equity strategies. The firm is well-regarded for its value-oriented approach, which has allowed it to adapt across different market conditions since officially commencing operations in 2013.
Enhancing Investment Management Capabilities
Goodwin praised the acquisition, noting that Foundry Partners brings a strong reputation to the table, which aligns perfectly with North Square's mission. The merger is anticipated to add approximately $2.3 billion to CS McKee’s total assets under management, significantly boosting its portfolio and expanding its investment opportunities.
In a post-acquisition transition, Mark Gensheimer, President of CS McKee, has announced his retirement as part of the firm’s evolution. Timothy Ford, who was previously President and CEO of Foundry Partners, will step into the role of Chief Executive Officer at CS McKee. This leadership change signifies a continuity of excellence that can reassure clients and stakeholders alike.
A Legacy of Experience
Reflecting on Gensheimer’s career, Goodwin commented on Gensheimer’s impressive 44 years in the investment industry. His leadership at CS McKee has been pivotal over the years, especially as he navigated the firm through varying market conditions and the transition of ownership to North Square in 2020.
Ford, who began his investment career at CS McKee, stated, "The talented team from Foundry Partners has developed a strong track record, which will be crucial as we integrate with CS McKee. This integration allows us to maintain our commitment to our clients while leveraging the strengths of both firms."
Legal Aspects of the Acquisition
The acquisition process was supported by legal experts from Kirkland & Ellis for North Square Investments and CS McKee, while Foundry Partners sought advice from Buchanan Ingersoll & Rooney PC. Such thorough legal preparation underscores the significance of this acquisition in the investment sector.
About CS McKee
CS McKee stands as a reputable institutional investment management firm based in Pittsburgh, managing over $8.6 billion across an array of portfolios including equity and fixed-income strategies as of the latest reporting date. Established in 1931, the firm became a Registered Investment Advisor in 1972 and has been recognized for its meticulous approach to investment management, serving a diverse clientele ranging from pension funds to universities.
About North Square Investments
Founded in 2018 and headquartered in Chicago, Illinois, North Square Investments is committed to delivering unique active investment strategies. With a sound senior management team and a strong backing from Estancia Capital Partners, North Square has achieved substantial growth, managing $2.13 billion across various investment vehicles as of March 31, 2025. The firm operates distinctive brands like CS McKee and Oak Ridge Investments, showcasing a collective asset management prowess totaling approximately $12.68 billion.
Both CS McKee and North Square Investments operate independently as registered investment advisers under the Investment Advisers Act of 1940. This registration affirms their commitment to regulatory compliance and client-oriented services.
Frequently Asked Questions
What is the main purpose of the acquisition?
The acquisition aims to enhance North Square Investments' asset management capabilities and expand its investment strategies.
Who will assume leadership at CS McKee after the acquisition?
Timothy Ford, previously President of Foundry Partners, will become the Chief Executive Officer of CS McKee.
What should clients expect from the merger?
Clients can expect continuity in investment processes and a commitment to maintaining high standards of management and service during the integration.
When was Foundry Partners established?
Foundry Partners was established in September 2012, officially starting its operations on February 1, 2013.
What is CS McKee known for?
CS McKee is known for its institutional investment management services, with significant assets under management across various strategies since its founding in 1931.
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