The deal mark's Akron-based Sequoia's second since selling a minority stake in the company to San Francisco private equity firm Valeas Capital Partners last fall.
The Akron-based, private equity-backed investment adviser has been rolling up other firms in recent years as part of its growth strategy. Its latest deal with Zeke Capital Advisors of Berwyn, Pennsylvania, expands its assets under management by 67%.
From Crain's Akron Business: The investment by the West Coast private equity firm follows Akron-based Sequoia's sale of a minority equity stake to Kudu Investment Partners in 2020. The capital will be used for enhancements to staffing, technology and services, as well as acquisitions.
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