OMAHA, Neb. (AP) — Private equity firm TA Associates is acquiring a Nebraska-based wealth management firm that handles $275 billion of assets.
TA will gain a majority stake in NorthStar Financial Services Group and its subsidiaries as part of the deal.
Financial terms weren't disclosed Monday, but the companies said NorthStar's managers would remain significant owners and continue running the business.
NorthStar is based in Omaha and it employs about 700 people. It has offices in Hauppauge, New York; Chicago, Illinois; Mill Creek, Washington; and Scottsdale, Arizona.
NorthStar provides services to investment advisers. Its subsidiaries include CLS Investments, Gemini Alternative Funds, Gemini Fund Services, Gemini Hedge Fund Services, Northern Lights Compliance Services, Northern Lights Distributors and Orion Advisor Services.
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