AMG Announces Partnership with NorthBridge Partners
Rhea-AI Summary
AMG has acquired a minority equity stake in NorthBridge Partners, a real estate investment manager specializing in industrial logistics assets. NorthBridge manages approximately $2 billion in assets, focusing on last-mile logistics properties in major markets.
Led by partners Greg Lauze, Dean Atkins, and David Aisner, NorthBridge operates in a high-growth sector driven by e-commerce growth, increasing demand for shorter delivery times, and supply chain onshoring. The partnership aims to leverage AMG's strategic capabilities while maintaining NorthBridge's independence and majority ownership.
This strategic move broadens AMG's participation in private markets and aligns with their focus on investing in secular growth areas. The financial terms of the transaction were not disclosed.
Positive
- Expands AMG's presence in high-growth industrial logistics sector
- Adds $2 billion in AUM through strategic partnership
- Provides exposure to secular growth trends (e-commerce, supply chain optimization)
- Maintains existing management structure with significant majority ownership
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, AMG gained 0.18%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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WEST PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it acquired a minority equity interest in NorthBridge Partners, LLC (“NorthBridge”).
NorthBridge is a leading vertically integrated real estate investment manager specializing in industrial logistics assets, a high-growth sector benefiting from the expanding digital economy and evolving supply chain dynamics. With approximately
“Our partnership with NorthBridge broadens AMG’s participation in private markets and underscores our focus on investing in areas of secular growth,” said Jay C. Horgen, President and Chief Executive Officer of AMG. “Given the growing demand for industrial logistics assets, and the entrepreneurialism of its principals, NorthBridge has excellent forward prospects, and AMG’s strategic partnership solutions can magnify the firm’s long-term success. I am delighted to welcome Greg, Dean, David, and their partners to our Affiliate group.”
“AMG’s unique partnership approach provides NorthBridge with access to strategic capabilities and growth capital to further our long-term objectives and maintain our independence,” said Mr. Lauze. “We are pleased to have found in AMG a partner that shares our commitment to entrepreneurial values and is aligned with us for the long term. We are confident that our partnership will enhance our competitive advantages, which will benefit both our clients and the Northbridge team.”
“We are operating in a rapidly evolving sector, characterized by transformative trends that generate compelling investment opportunities,” added Mr. Atkins. “Our partnership with AMG will enable us to capitalize on these trends as we further invest in our operational capabilities, increasingly differentiating our firm, to enhance our long-term success.”
The terms of the transaction were not disclosed. The management team of NorthBridge will continue to hold a significant majority of the equity and direct the firm’s day-to-day operations.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of December 31, 2024, AMG’s aggregate assets under management were approximately
About NorthBridge Partners
NorthBridge Partners, LLC, founded in 2014, is a vertically integrated real estate investment manager specializing in last-mile logistics properties, acquiring, repositioning, and developing strategically located industrial real estate assets in major markets. NorthBridge has completed over 100 transactions totaling over 15 million square feet throughout its history and currently has approximately
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
AMG Media & Investor Relations:
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
FAQ
What is the size of NorthBridge Partners' AUM that AMG is investing in?
What type of assets does NorthBridge Partners focus on in their AMG partnership?
Who will maintain control of NorthBridge Partners after AMG's investment?
What are the key market trends driving AMG's investment in NorthBridge Partners?
How does the NorthBridge acquisition align with AMG's strategic goals?
