Spouting Rock Asset Management Acquires Ownership In Reinhart Partners
Spouting Rock Asset Management, LLC (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, today announced it has entered into a definitive agreement to acquire a majority position of Reinhart Partners, Inc. (Reinhart), in a multi-step transaction over a period of two years.
- Spouting Rock Asset Management, LLC (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, today announced it has entered into a definitive agreement to acquire a majority position of Reinhart Partners, Inc. (Reinhart), in a multi-step transaction over a period of two years.
- Following the acquisition, the existing Reinhart team will join the Spouting Rock platform, and Jim Reinhart will remain in a leadership role.
- In addition to acquiring Reinhart, Spouting Rock is excited to bring in a new strategic partner, Glenn Murray.
- “High-quality, research-driven stock selection is the foundation of the investment philosophy at Reinhart Partners,” says Jim Reinhart.