GTCR to acquire and merge Ultimus Fund Solutions and The Gemini Companies
Summary
CINCINNATI, OH and HAUPPAUGE, NY (November 19, 2018) – GTCR, a leading private equity firm, announced today that it had entered into definitive agreements to separately acquire Ultimus Fund Solutions and The Gemini Companies in a strategic combination.The companies’ solutions are differentiated by proficiencies in innovative fund strategies, industry leading technology, highly automated processes, and best-in-class engaged customer service.“As a united, larger independent institutional strength firm, we will be able to deliver enhanced scale and deeper capabilities with boutique service levels to our combined client base.“I am a strong believer in the merits of this combination, bringing these two great companies together will result in improved investment, opportunity and innovation benefiting our mutual clients and employees,” said Kevin Hesselbirg, current Gemini CEO.We have great regard for the Gemini organization and look forward to working with them as the increased scale and broadened product capabilities of the combined Company will enable us to even further enhance the industry-leading customer service that has been a cornerstone of Ultimus since its founding.”