SOURCE: Dearborn Partners

Dearborn Partners

September 08, 2010 09:30 ET

Dearborn Partners, a Full Service Investment Firm Based in Chicago, IL, Acquires Third River Capital Management

CHICAGO, IL--(Marketwire - September 8, 2010) -  Dearborn Partners, a Chicago-based, full service investment firm with over $2 billion in assets under management, completed its acquisition of Third River Capital Management on September 1. Third River Capital Management, also Chicago-based, is a boutique value investment firm, with a specialty in small cap and deep roots in value investing.

The new partnership evolved from a 40-year relationship between the founders of both firms. The acquisition will expand Dearborn's in-house investment capabilities and give both firms a stronger platform to serve clients and grow.

"We are excited about the acquisition because it adds an outstanding small cap value team to our product set," said Jeff Simmons, a Managing Director at Dearborn Partners who focuses on institutional clients. "Third River brings great people, proprietary research, and a team-based investment approach to Dearborn's existing investment management team."

Dearborn Partners has 26 employees (pre-acquisition) and manages assets for more than 40 institutions and 200 private clients. Third River Capital Management is a value investment firm that serves institutional and private clients.

Third River also sees tremendous opportunity in the newly structured firm. "This acquisition will enhance our firm's ability to leverage our expertise in value investing while capitalizing on Dearborn's exceptional level of client service," said Kevin Silverman, Managing Director at Third River. "The partners of our firms have previously worked together and been friends for years. We have been continually impressed by Dearborn's reputation and are excited to be joining their team."

About Dearborn Partners, LLC.: Dearborn Partners (http://www.dearbornpartners.com) is a full service investment firm that offers clients the highest level of personal service. Founded in 1997, the firm has 26 employees and manages approximately $2 billion in assets for 40+ institutional and 200+ private clients. Dearborn's process is implemented by professionals who have managed money successfully through decades of volatility and changing market climates.

About Third River Capital Management: Third River Capital Management (http://www.thirdrivercap.com) is a boutique value investment firm with a specialty in small cap equities. Third River Capital Management takes a consistent, disciplined approach to intrinsic value investing. Its goal is to deliver superior returns over the long term. Third River's senior professionals average more than 30 years of industry experience and share a long history of value investing.

Contact Information

  • Media Contact:
    Todd A. Davis
    Managing Director
    200 West Madison
    Suite 1950
    Chicago, IL 60606
    312-795-1000