Easterly will acquire Snow Capital

Easterly will acquire Snow Capital
Combined, the asset managers will have $5 billion in AUM.
MAY 17, 2021

Easterly Investment Partners, a Beverly, Massachusetts-based asset management company, has entered into a definitive agreement to acquire an equity interest in Snow Capital Management, a value equity manager based in Sewickley, Pennsylvania.

The transaction, terms of which were not disclosed, is expected to close by July 1.

Snow Capital manages $1.6 billion in assets. When combined, Easterly and Snow entities will manage approximately $5 billion.

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