Guardian Capital Group Limited (TSX: GCG; GCG.A) completed its acquisition of Toronto-based investment firm Galibier Capital Management Ltd. on terms first announced on June 20, 2024. The transaction increases Guardian’s assets under management (AUM) by approximately C$1 billion and brings in an experienced team of investment professionals focused on fundamental equity research and valuation.

Galibier, led by founder and CEO Joe Sirdevan, will retain its brand and continue operating under its existing management team. The firm will manage investments for institutions, foundations, and individuals through segregated accounts and pooled funds. Guardian’s President and CEO, George Mavroudis, highlighted the strategic and cultural alignment between the two firms, while Sirdevan expressed enthusiasm for accessing Guardian’s resources to support Galibier’s continued growth.

Borden Ladner Gervais LLP acted as legal advisor to Guardian, while Gardiner Roberts LLP served as legal advisor to Galibier. The transaction value was not disclosed.