Home / transaction / Berkshire Global Advisors acted as financial advisor to National Investment Services
Berkshire Global Advisors acted as financial advisor to National Investment Services
  • has sold a majority stake to
  • Berkshire Global Advisors acted as financial advisor to National Investment Services

  • Date: November 2019
  • Sector: Investment Management
  • Sub-Sector: Fixed Income
  • Region: North America
  • Seller AUM: $8.6 Billion
  • Seller Details:
    National Investment Services manages fixed-income strategies designed with the objective to provide consistent performance and downside protection. NIS has served this mission for more than 25 years by partnering with clients and consultants on their unique objectives using an agile investment process. NIS puts client needs first through employee ownership and a collaborative, team-oriented culture. NIS regained independence as a privately held, employee-owned firm in 2014 after a brief period as part of a publicly traded company. Since reinvesting in the business, NIS has consistently achieved its new asset-growth goals. The firm has offices in Milwaukee, Chicago and Sarasota. As of September 30, 2019, NIS had $8.6 billion in assets under management.

    Buyer Details:
    Resolute Investment Managers is a diversified, multi-affiliate asset management platform with affiliated and independent relationships with more than 40 investment managers. Driven by future value creation, Resolute offers a unique platform that delivers strategic benefits through a full suite of distribution, operational and administrative services that may be leveraged by our affiliates. With roots as an unaffiliated sub-advised mutual fund sponsor, the majority of Resolute’s partnerships are with asset managers who invest and operate with full autonomy and independence. As of September 30, 2019, the affiliated companies of Resolute Investment Managers had $75.1 billion in assets under management.

    Transaction Summary:
    Resolute Investment Managers, Inc. (“Resolute”), a diversified, multi-affiliate asset management platform with more than 40 affiliated and independent relationships, announced today an agreement to acquire a majority interest in National Investment Services, Inc. (“NIS”), a leading asset manager specializing in fixed-income strategies. Resolute will initially provide distribution and product development support to NIS, which will operate as an autonomous subsidiary and will not see any significant changes in its day-to-day operations. Similarly, the entire staff of NIS will stay on with the firm.