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Berkshire Global Advisors acted as exclusive financial advisor to Keeley Asset Management
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  • Berkshire Global Advisors acted as exclusive financial advisor to Keeley Asset Management

  • Date: November 2016
  • Sector: Investment Management
  • Sub-Sector: Mutual Funds
  • Region: North America
  • Seller AUM: $2.4 Billion
  • Seller Details
    KAMCO, founded in 1982 by John L. Keeley, Jr., is a privately owned Chicago-based asset management firm with over $2.5 billion under management. Today, KAMCO serves a diverse client base that includes the institutional community, individual and family trusts as well as the KEELEY Funds, an open-ended publicly traded mutual fund family. At September 30, 2016, KAMCO’s assets under management were approximately $2.5 billion.

    Buyer Details
    Teton Advisors, Inc. (OTC Pink: TETAA) is a multi-strategy investment management company, and is the registered investment adviser to seven open-end mutual funds under the TETON Westwood brand. Teton offers its funds and separately managed accounts to individuals and institutions directly and through third party intermediaries. At September 30, 2016, Teton’s assets under management were approximately $1.5 billion.

    Transaction Summary
    Teton Advisors, Inc. announced that it signed a definitive agreement to acquire the business of Keeley Asset Management Corp., a pioneer in small and midcap value investing founded by John L. Keeley, Jr. in 1982. At closing, the acquired business will be renamed Keeley Teton Advisors, LLC, and will become a wholly owned subsidiary of Teton Advisors, Inc. The newly formed Keeley Teton will maintain staffing and operational continuity in Chicago. The combined firms will create a $4 billion AUM active asset management organization.