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CenterSquare Execs Buy Out Business

CenterSquare CEO Todd Briddell and other senior executives, along with private equity firm Lovell Minnick, are acquiring the real assets investment boutique from BNY Mellon, its owner since 2006.

By Paul Bubny | paulbubny | Updated on September 20, 2017

Photo of Todd Briddell “Our firm has enjoyed significant growth over the last 11 years with BNY Mellon and we will continue our partnership via a number of sub-advisory relationships,” says CenterSquare CEO Todd Briddell.

NEW YORK CITY—BNY Mellon Investment Management, which has owned CenterSquare Investment Management since 2006, is selling the real assets investment boutique to its management team and private equity firm Lovell Minnick Partners. Deal terms were not disclosed.

“We believe this transaction will position us to continue to optimize client solutions and pursue sustainable growth initiatives in a rapidly evolving investment landscape,” says CenterSquare CEO Todd Briddell. “Our firm has enjoyed significant growth over the last 11 years with BNY Mellon and we will continue our partnership via a number of sub-advisory relationships. We look forward to partnering with Lovell Minnick, and tapping their resources and deep experience in investment management as we grow our business and further enhance the solutions that we offer to our clients.”

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