Portland-based Foreside Financial Group has acquired an Atlanta-based regulatory compliance consulting firm called Compliance Advisory Services for an undisclosed sum.
Foreside Financial offers regulatory and compliance services to clients in the asset management industry, with roughly 140 employees in Portland and a number of regional offices including New York and Boston.
The company said its acquisition of Compliance Advisory Services, which has three employees, will expand its footprint and capture additional market share. The acquisition comes less than a year after Foreside acquired NCS Regulatory Compliance of Londonderry, New Hampshire, and two years after Foreside was purchased by Lovell Minnick Partners, a private equity firm based in Radnor, Pennsylvania.
“This acquisition is a fundamental step in a series of roll-ups that will keep us at the forefront of the regulatory consulting landscape,” said David Whitaker, president of Foreside Financial, in a statement.
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less