Madison and Milwaukee, WI. April 26, 2019 - Madison Investment Holdings, Inc. (“Madison”), an independent investment firm based in Madison, WI, with over $16 billion in assets under management, and Broadview Advisors, LLC (“Broadview”) announced today that they have signed an asset purchase agreement. Broadview is a highly respected, employee-owned investment firm based in Milwaukee, WI with approximately $430 million in Small Cap and All Cap Equity assets under management. “In addition to being a great cultural fit, the acquisition will deepen our investment talent and broaden our investment offerings” said Rich Eisinger, Madison’s Head of Equities.
Portfolio Managers Rick Lane, Aaron Garcia and Faraz Farzam will join Madison and continue managing their investment strategy that has been in place since 2001. “This strategic acquisition adds an excellent small cap equity team and strategy to our already robust US Equity offering. It is the perfect complement to our existing Mid Cap and Large Cap Equity strategies” said Steve Carl, Madison’s Chief Business Development Officer.
Rick Lane, the President of Broadview is excited that the new partnership allows the team to focus on investment excellence and portfolio management. Mr. Lane noted, “Madison’s history of independence makes them an attractive partner and their operational and distribution strength will greatly enhance our ability to focus on investment performance and serve our clients.”
The transaction is expected to close in the third quarter, pending board and regulatory approvals.
“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer, and is a member firm of the Financial Industry Regulatory Authority.
Madison Investments shares all personnel and resources at their Madison, Wisconsin location. Statistical data is for the consolidated Madison organization. The Madison organization consists of its holding company, Madison Investment Holdings, Inc. and its affiliates: Madison Asset Management, LLC; Madison Investment Advisors, LLC; and Hansberger Growth Investors, LP. Asset information presented includes non-discretionary assets. Refer to each entity’s Disclosure Brochure for more information.