On September 26, 2024, ATB Financial, Western Canada's largest financial institution, announced the acquisition of BCV Asset Management Inc. ("BCV"), a Manitoba-based portfolio management firm with over $5.8 billion in assets under management. Founded in 2007, BCV has established a strong track record in delivering customized investment portfolios for clients across Canada. The acquisition supports ATB Financial’s strategic expansion of its wealth management division, which reached $28.6 billion in assets under administration in Q1 FY 2025.

BCV will continue to operate as a standalone subsidiary under its existing brand, with leadership and portfolio management teams remaining intact. The acquisition, expected to close in fall 2024 pending regulatory approvals, allows ATB to leverage BCV’s expertise and growth potential.

Advisors for ATB Financial included Ernst & Young Orenda Corporate Finance Inc. and Borden Ladner Gervais LLP. BCV was advised by Deloitte Corporate Finance Inc., D'Arcy & Deacon LLP, and MLT Aikins.