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Broadshore Capital Management Team Buys Out Insurer’s Ownership Interest
Broadshore Capital Partners, a national real estate investment and advisory firm based in Los Angeles, said Tuesday that its management team, led by CEO Brad Howe, has acquired the majority ownership interest formerly held by The Guardian Life Insurance Company of America. The acquisition completes a transition to a fully independent, management-owned firm.
“This is a defining moment for Broadshore,” said Howe. “Our firm started 35 years ago as an entrepreneurial, vertically integrated institutional real estate manager. Guardian has had an ownership stake in our business for over 15 years and we are deeply grateful for their partnership and support. Moving forward as an independent, management-owned firm allows us to be more agile, entrepreneurial, and aligned with the long-term interests of our clients and our management team.”
The transition to full independence will not impact the firm’s day-to-day operations or client relationships, according to Broadshore.
- ◦Sale/Acquisition
