Alta Capital Management: Guardian Capital Group Limited completes acquisition of majority interest in US asset manager Alta Capital Management, LLC

TORONTO, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited ("Guardian") (TSX:GCG) (TSX:GCG) announced today that it has completed its acquisition of a 70% majority interest in Alta Capital Management, LLC ("Alta"), an investment management firm based in Salt Lake City, Utah, USA.The transaction was completed on the terms announced by Guardian on November 20, 2017. The addition of Alta increases Guardian's assets under management by more than $3 billion USD and further diversifies its investment offerings."We are very excited by the opportunities presented by partnering with the Alta principals," said George Mavroudis, Guardian's President and Chief Executive Officer. This transaction is another step in the execution of Guardian's strategic plan to strengthen and enhance Guardian's presence and ...Full story available on Benzinga.com