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Wellington-Altus Financial Sells 25% Stake to Kelso & Company for $388M

The $388 million deal values Wellington-Altus at $1.5 billion and supports growth plans to reach $50 billion in assets, with 80% shareholder approval.

Summary by Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada

5 Articles

The Globe & MailThe Globe & Mail
Center

Wealth manager Wellington-Altus sells 25% stake to U.S. private equity firm

Deal with Kelso & Company values the Winnipeg-based investment firm at $1.5-billion

·Canada
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Winnipeg Free PressWinnipeg Free Press
Center

Wellington-Altus Financial sells 25% stake to Kelso & Company for $388M

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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AdvisorAdvisor
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Investment ExecutiveInvestment Executive

Wellington-Altus sells 25% stake to Kelso & Co.

U.S. private equity firm to invest nearly $400M, putting "cash in everyone's jeans"

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NewswireNewswire

Wellington-Altus announces nearly $400M strategic minority investment from leading private equity firm Kelso & Company, confirming $1.5B+ valuation

/CNW/ - Wellington-Altus Financial Inc. ("Wellington-Altus"), parent company of Canada's top-rated* investment dealer, today announced a nearly $400 million...

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Newswire broke the news in on Monday, October 20, 2025.
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