William Blair Investment Management to Buy Investment Counselors of Maryland
Posted on 02/11/2021
William Blair Investment Management signed a deal to buy Investment Counselors of Maryland, LLC (ICM) from BrightSphere Investment Group. Investment Counselors of Maryland is a US$ 3.2 billion institutional U.S. value equity investment firm. Founded in 1972, Investment Counselors of Maryland value is led by Bill Heaphy, CFA.
Subject to customary closing conditions, the transaction is expected to close in the second quarter of this year; terms will not be disclosed.
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William Blair snaps up BrightSphere affiliate ICM
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Stephanie Braming, partner and global head of William Blair Investment Management, said the addition will add another strong pillar to the firm s small-cap capabilities.
William Blair Investment Management agreed to acquire BrightSphere Investment Group affiliate Investment Counselors of Maryland, said Tucker Hewes, a spokesman for William Blair. Terms of the deal, which is expected to close in the second quarter, were not disclosed.
ICM is an institutional U.S. value equities investment firm founded in 1972 with $3.2 billion in assets. Its eight-person investment team, led by Bill Heaphy, ICM portfolio manager and managing principal, will join William Blair.
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