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Caprock, a multi-family workplace RIA agency, introduced this week the acquisition of Gray Road Capital, a Chicago-based boutique advisory agency with $2.2 billion in consumer belongings.
The acquisition is Caprock’s first, in keeping with the announcement, and the deal displays the agency’s “need to drive strategic development and improve the bespoke companies it supplies to purchasers.” The mixture brings Caprock’s belongings underneath advisement to greater than $11 billion.
Caprock co-CEO Gregory Brown famous that each companies are targeted on offering subtle options to a choose variety of ultra-affluent households. Shifting ahead, Gray Road will function underneath the Caprock model.
“We each have very proficient groups with related enterprise fashions, experience and funding philosophies,” Brown mentioned. “This acquisition units a excessive bar for locating future companions and demonstrates our dedication to rising organically whereas sustaining the integrity of the companies we offer.”
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