Editor’s note: This brief has been updated to reflect finalization of the transaction.
Centralis Group has acquired Pine Advisor Solutions, a US-based provider of compliance, fund officer and distribution services to asset managers, the companies said. Terms of the deal, formal closure of which was announced July 1, were not made public.
The acquisition extends Luxembourg-based Centralis Group’s reach to the US market. Denver-based Pine acts as a distributor for more than $25 billion in ETF assets and provides outsourced chief compliance officer and principal financial officer services for US registered funds, as well as outsourced chief financial officer and regulatory compliance services for private funds.
“Our complementary businesses and shared commitment to providing clients with high-touch, specialized service make for a strong partnership and will allow us to support Pine and its clients as they navigate a rapidly evolving regulatory environment and abundant growth opportunities,” Centralis CEO Aidan Foley said in a news release.
