PSS Completes Acquisition of Global CM Partners.
“We are pleased to be able to provide our retail and investment advisor clients with convenient and cost effective access to Global CM Partners’ investment acumen”
The PSS Corporation today announced the completion of its acquisition of Global CM Partners, Inc. The acquisition agreement, originally announced October 15, 2012, includes an upfront payment of kr 85 million in cash and the opportunity for additional payments contingent on future growth in assets under management.
“We are pleased to be able to provide our retail and investment advisor clients with convenient and cost effective access to Global CM Partners’ investment acumen,” said Ottar Ertzeid, PSS president and chief executive officer. “Their approach to the construction of growth-oriented investment portfolios that generate dividend income streams makes enormous sense as our population ages, and will be an important addition to our existing money management line-up.”
Contact:
Rasmus Figenschou, 80 02 04 75