Guardian Capital Group Limited completes its acquisition of Galibier Capital Management Ltd.
September 03 2024 - 5:16PM
Guardian Capital Group Limited (Guardian) (TSX: GCG; GCG.A)
announced today that it has completed its acquisition of Galibier
Capital Management Ltd. (Galibier), a Toronto, Canada-based
investment management firm. Guardian completed the transaction on
the terms announced on June 20, 2024. The addition of Galibier
increases Guardian’s assets under management by approximately C$1
billion and adds a team of high-quality, experienced investment
professionals focused on fundamental equity research and valuation.
“We are truly pleased that Galibier founder, Joe
Sirdevan, and his team are joining Guardian and look forward to
jointly building on the opportunities ahead. There is a good
cultural alignment between the firms, and we welcome incorporating
Galibier’s distinctive investment approach into our existing lineup
of strategies,” said George Mavroudis, Guardian’s President and
Chief Executive Officer.
“Having access to Guardian’s deep resources will
provide us with added support as we grow and continue to implement
Galibier’s rigorous investment philosophy and process for our
clients,” said Joe Sirdevan, Galibier’s Chief Executive Officer.
“All of us at Galibier are excited to join the Guardian group.”
Galibier will retain its brand, and the current
management and investment team will remain in place, continuing to
invest on behalf of institutions, foundations and individuals
through segregated accounts and pooled funds.
For further information, please contact: Angela
Shim416-947-8009
About Guardian Capital Group
Limited
Guardian Capital Group Limited (Guardian) is a
global investment management company servicing institutional,
retail and private clients through its subsidiaries. As at June 30,
2024, Guardian had C$58.6 billion of total client assets while
managing a proprietary investment portfolio with a fair market
value of C$1.1 billion. On July 2, 2024, Guardian completed its
acquisition of Sterling Capital Management, LLC, a Charlotte, North
Carolina-based investment management firm, adding approximately
C$104.0 billion (US$76.0 billion) in client assets. Founded in
1962, Guardian’s reputation for steady growth, long-term
relationships and its core values of authenticity, integrity,
stability and trustworthiness have been key to its success over six
decades. Its Common and Class A shares are listed on the Toronto
Stock Exchange as GCG and GCG.A, respectively. To learn more about
Guardian, visit www.guardiancapital.com.
This press release contains forward-looking
statements with respect to Guardian Capital Group Limited and its
products and services, including its business operations and
strategy and financial performance and condition. Although
management believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from
expectations include, among other things, general economic and
market factors, including interest rates, business competition,
changes in government regulations or tax laws, and other factors
discussed in materials filed with applicable securities regulatory
authorities from time to time.
Any forward-looking statements included in this
press release are provided as of the date of this press release and
should not be relied upon as representing Guardian’s views as of
any date subsequent to the date of this press release. Guardian
undertakes no obligation, except as required by applicable law, to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
All trademarks, registered and unregistered, are
owned by Guardian Capital Group Limited and are used under
licence.
About Galibier Capital Management
Ltd.
Galibier Capital Management Ltd., founded in
2012, is an investment process-driven investment management firm
based in Toronto, Ontario. Galibier provides investment advisory
services through separately managed accounts and pooled funds, in
accordance with its philosophy of Growth. At a Reasoned Price™. Its
client base includes corporations, pensions, charitable foundations
and endowments. To learn about Galibier, visit
galibiercapital.com.