True North Advisors LLC has acquired Clear Rock Advisors LLC, adding $470 million in assets. This move supports True North’s ambition to become a leading registered investment adviser in Dallas-Fort Worth. This acquisition comes after minority investments from Wealth Partners Capital Group LLC and HGGC LLC earlier this year. The deal, concluded on September 17, likely pushes True North’s assets under management past $4 billion from the previous $3.9 billion as of August 31. Clear Rock was founded in 2016 by Charles F. Hall Jr., Ty Sanders, and Royce Medlin. True North’s CEO Scott Wood and President Mark Gehlback see immense potential in this combination. They aim to position True North as a market-dominating firm with the potential to grow to $50 billion in assets. M&A activity in the investment industry has been rising, driven by needs for succession, growth, and scale.
Wealth Management, Private Equity, Investment Management,United States, Texas
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