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Rating:Healey Polishes off the River Road Course of His Feast Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 30, 2014

Healey Polishes off the River Road Course of His Feast

Reported by Tommy Fernandez

All that's left is the after-dinner mint.

AMG's Sean Healey has finished yet another course of his perpetual feast.

AMG announced today that it has completed the acquisition of River Road Asset Management from Aviva plc.-subsidiary Aviva Investors North America Holdings, Inc..

The River Road deal, in which AMG bought the remaining shares it did not own in the Louisville, Kentucky-based value equity manager was announced in March, along with the investment into EIG Global Energy.

The River Road deal is only the latest course finished in Healey's perpetual feast. In April, AMG bought into Veritas; as well asinto the $5 billion SouthernSun Asset Management in December 2013. AMG also bid $500MM for a portion of D.E. Shaw earlier in June.

Healey has courted alts firms in the past as well.

He also recently hired Jeffrey Cerutti to serve as chief executive of AMG Funds.

Healey's hunger has had a decidedly beneficial impact on AMG so far. AMG's most recent earnings were up 11 percent, and AMG recently garnered a berth on the S&P 500

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