M and A
Missouri Firm Buys Ziegler Lotsoff Capital Management
The St Louis, MO-headquartered financial services firm, Stifel
Financial, is acquiring Ziegler
Lotsoff Capital Management, a Chicago, IL- and
Milwaukee-based asset
management business.
The deal will bring new asset management capabilities to
Stifel’s existing asset management platform, while ZLCM will
continue its
long-term partnership with BC Ziegler by continuing to offer
investment
management services to their mutual clients.
The deal, the terms of which were not disclosed, is expected
to
close in the fourth quarter of 2013.
The firm conducts its banking, securities, and financial
services business through several wholly-owned subsidiaries,
including Stifel,
Nicolaus & Company in the US, Stifel Nicolaus Europe in the
UK
and Europe, and Keefe, Bruyette & Woods in the US and Europe.
As of June 30, 2013, Stifel's total assets amounted to $8.5 billion.
