Aviva Investors buys Kentucky company
January 5, 2010 by Karen Mracek
Aviva Investors announced today the purchase of a Kentucky-based asset management company, giving Aviva access to equity investment expertise and strong institutional relationships in the U.S., executives say.
River Road Asset Management, in Louisville, Ky., had approximately $3.6 billion in assets under management as of Nov. 30. It will become part of Aviva Investors North America, which is headquartered in Des Moines. Aviva Investors North America has approximately $46 billion under management.
Greg Boal, chief executive of Aviva Investors North America, says the deal “fulfills Aviva Investors’ strategic objective to add U.S. equities to our longstanding fixed income expertise in North America.”