Boyd Watterson and Amber Infrastructure Finalize Strategic Combination, Establishing a Premier Global Alternatives Investment Platform
September 10 2024 - 2:18PM
Business Wire
Boyd Watterson Asset Management (“Boyd Watterson”) and Amber
Infrastructure Group Holdings Limited (“Amber”) announced they have
completed their previously-announced strategic combination. The
transaction closed on August 30 following the receipt of all
necessary investor consents and regulatory approvals, including UK
FCA consent.
The combination creates a global diversified Real Estate,
Infrastructure, and Fixed Income asset management platform with
approximately $35.7 billion in AUM. The new Company, including its
operating subsidiaries, is a premier global alternatives investment
manager with over three-hundred investment personnel, offices in
eight US cities and twelve countries.
Boyd Watterson’s and Amber’s clients, partners, and employees
are expected to benefit from the enhanced scale of the combined
global platform underpinned by a diversified revenue base, expanded
product opportunities, and enhanced investment acumen. Operating
under a common parent company, Boyd Watterson LLC, will enhance
both companies’ reach and capabilities, expanding potential
investment opportunities for their global client base.
"We are excited to have officially joined forces, which opens up
exciting new investment opportunities for our clients,” said Brian
Gevry, CEO of Boyd Watterson. “We’re both leaders in our respective
asset classes, with a shared commitment to excellence and
innovation. Now we are able to combine our strengths to offer
enhanced products to our clients that surpass their expectations
and drive long-term success."
“The ability to operate under a unified parent company brings
increased long-term investment potential to our clients,” said
Gavin Tait, Amber’s CEO. “Our firms share a strong commitment to
delivering exceptional client service and have extensive experience
collaborating with governments and governmental agencies. This
strategic alignment will provide Amber with greater scale to expand
its global infrastructure business, including opportunities in U.S.
infrastructure, while also unlocking new possibilities for Boyd
Watterson's clients."
Hunt Companies (www.huntcompanies.com), an investor in both
companies, recognized the complementary businesses and facilitated
the transaction.
About Boyd Watterson Founded in 1928 by its predecessor
firm, Boyd Watterson Asset Management, LLC (Boyd) is a leading real
estate and fixed income investment manager. Headquartered in
Cleveland, Ohio, Boyd employs 130 employees in seven offices across
the US. Boyd manages c.US$18.2bn of AUM, through separately managed
accounts and a number of funds with real estate and fixed income
strategies. www.boydwatterson.com
About Amber Infrastructure Group Amber is a specialist
international investment manager, focused on investment
origination, asset management and fund management. Amber currently
manages or advises 9 funds (2 listed and 7 private) with over
£5billion (c.$6billion) in funds under management. With a presence
across 12 countries, Amber manages 175 infrastructure investments
representing total assets under management of £14 billion
(c.$17.5billion). Amber’s core business focuses on managing
infrastructure assets across the public, transport, energy, digital
and demographic infrastructure sectors internationally. Amber is
headquartered in London with offices in Europe, North America,
Australia and New Zealand. Amber employs over 180 professionals
globally. www.amberinfrastructure.com
About Hunt Companies Hunt Companies is a family-owned
principal investment firm founded in 1947 based in El Paso, TX with
interests in the real estate, infrastructure and financial services
sectors. As an owner operator with a strong investment platform and
financial structuring expertise, Hunt develops lasting
relationships to create value for its investors, clients, employees
and communities. The company and its affiliates are committed to
promoting community growth and a sustainable future through our
business practices, purpose driven investment and charitable
giving. www.huntcompanies.com
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Media Contact
Carolyn Baker SVP Corporate Communications Hunt Companies
carolyn.baker@huntcompanies.com m: +1 856/298-2036