Cincinnati mutual fund company sold to Chicago private equity firm
Fast-growing Greater Cincinnati mutual fund servicing firm Ultimus Fund Solutions has reached a deal to be acquired by a Chicago private equity firm.
Ultimus will sell to GTCR for an undisclosed amount. GTCR is also acquiring Gemini Cos., a fund servicing company based on Long Island in Hauppauge, N.Y., and will combine the companies.
The combined company will keep the Ultimus Fund Solutions name and continue to be headquartered at Ultimus' Springdale location, Gary Tenkman, Ultimus'...