LGIP Advisor Public Trust Sells Stake
A press release entitled, "Public Trust Advisors Announces Strategic Investment from Flexpoint Ford to Accelerate Growth" states, "Public Trust Advisors, an investment advisory firm dedicated to serving municipalities, school districts and other local government entities across the United States, announced ... that it has received a significant investment from Flexpoint Ford, a private equity firm specializing in investments in the financial services and healthcare industries. This partnership signals a shared commitment to enhancing the financial security of public sector entities nationwide." It continues, "Since its founding in 2011, Public Trust Advisors has established itself as a trusted partner for local governments. With a focus on prudent investing, Public Trust has helped public sector entities effectively manage taxpayer funds via local government investment pools and separately managed accounts. Today, the Company serves over 6,000 entities nationwide and has more than $80 billion in assets under management or advice. Public Trust's existing management team continue to lead the business and, along with the Company's founders, remain significant shareholders in the Company." The release tells us, "The new partnership will provide Public Trust Advisors access to Flexpoint's significant financial resources, industry expertise, and relationships. As a result, Public Trust will be able to expand its product offerings, accelerate its core growth, and complete strategic acquisitions." It quotes Daniel Edelman, Managing Director at Flexpoint, "We are thrilled to partner with Public Trust and contribute to their mission of strengthening local government finances. Public Trust's goal of providing tailored investment solutions coupled with its exceptional service delivery is a true differentiator in the industry." Flexpoint's Stephane Essama comments, "We believe Public Trust is well-positioned to accelerate its already strong growth trajectory while continuing to provide high quality service to its clients. We look forward to partnering with management as they lead the Company into its next phase of growth." Todd Alton, CEO of Public Trust Advisors, adds, "We are excited about the next chapter of the Public Trust story. Our focus remains on providing exceptional investment advisory solutions and continued high-quality customer service. We are excited to leverage Flexpoint's expertise and strategic resources to expand our capabilities and deliver unparalleled value to our clients."
