Azimut Group to Acquire North Square Investments via Azimut US

North Square Investments (NSI) has signed a binding agreement to be acquired by Azimut Group through its US subsidiary Azimut US Holdings Inc. The deal is expected to close in early 2026, subject to regulatory approvals and customary closing conditions. As part of the agreement, Kennedy Capital Management—an Azimut Group company—will become a subsidiary of North Square, which will be renamed Azimut NSI. Azimut NSI’s AUM is projected to rise to over $20 billion post-closing.