New York-based portfolio holding company and private equity investor Armory Merchant Holdings has made a strategic investment in Capital Guardian Holdings.
David Storper, Co-Chief Investment Officer of Armory, says: “Capital Guardian is uniquely positioned to be a leading financial services firm offering both company advisors and independent advisors full service wealth management capabilities including RIA, Asset Management, International, Family Office, Trust and Insurance Services, capabilities which have historically been the exclusive domain of the large global banks.
"Armory will help accelerate Capital Guardian’s geographic growth, as well as internal expansion of its client-focused product and service offerings. My partner, Stephen Smith, Co-Chief Investment Officer of Armory and Co-Founder of Seaport Global, a broker dealer with offices throughout the United States, and the rest of the Armory investment team, has great confidence in Capital Guardian’s new senior executive leadership led by Keith Gregg, CEO, and Rich Moran, President. We see Capital Guardian as an ideal investment for Armory's patient, interest-aligned, value-added capital strategy."
Patrick R LeBedis, Managing Partner and co-Founder of Northern Star, says: “The team at Armory, led by David Storper and Stephen Smith, are seasoned industry veterans with long-term vision for the industries and the companies in which they invest and appreciate their confidence in Capital Guardian as demonstrated by their co-investment.
"The marriage of global asset management with international retail distribution services and support is a core component of our strategy for Capital Guardian, and this vision is shared by our investment partners at Armory.”
Keith Gregg, CEO of Capital Guardian, adds: “I am very pleased to have David, Steve and the rest of the Armory team joining us as partners and investors in the future of Capital Guardian, and in the future of our valued clients and employees. Rarely do you see such a unique opportunity and extraordinary value proposition.”
