Diversified financial conglomerate Guardian has purchased a controlling interest in Executive Asset Management (EAM), for an undisclosed sum.
Under the terms of the deal, the southeast asset management company EAM will merge with existing Guardian AssetAdvisor platform and remain trading under the same brand name.
Further, current chief operating officer of EAM Robert Vacco will continue to serve in the same capacity for the integrated company, the acquirer said.
Vacco said, "The operational synergies between EAM and Guardian’s AssetAdvisor, as well as the talented personnel at Guardian, will allow EAM to greatly expand our commercial asset management capabilities."
Based in Alpharetta, Georgia and specializing in disposition strategies, property management services and rental solutions for FDIC Loss Share assets, EAM trades as a full-service residential and commercial portfolio management company.
Managing offices in Atlanta, New York, Portland, San Francisco, Seattle, Princeton, Ft. Lauderdale, Irvine and Washington, Guardian caters investment banking services with focus on loan sales advisory, M&A, distressed situations, asset management and real estate lending.