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Genstar Capital will invest in the combined business, as will Orion’s existing financial partner, global growth private equity firm TA Associates. Orion and Brinker should have a combined $40b in assets under management and some 6,000 advisor clients, with Orion also working with some $1 trillion in assets under administration on its platform.
“We have extensive experience investing in wealth management and financial technology businesses that show patterns of success, and we believe both Brinker and Orion fit that bill,” said Tony Salewski, managing director of Genstar. “We believe that with our efforts to bring the two firms together, we’ll be able to redefine the wealth management industry and capitalize on the powerful market growth trends favoring the merger of these two industry-leading companies.”
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