CAPTRUST Acquires Ellwood Associates to Expand Endowment & Foundation Offering
August 26, 2021
CAPTRUST Financial Advisors has agreed to acquire Chicago-based Ellwood Associates, adding the firm's endowment, foundation and retirement-plan practice and bringing approximately 55 Ellwood employees into CAPTRUST. The deal expands CAPTRUST’s alternative investments and endowment & foundation capabilities and gives the firm its first Chicago office; the transaction was announced August 26, 2021 and expected to close in Q4 2021.
- Buyers
- CAPTRUST Financial Advisors
- Targets
- Ellwood Associates
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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