Orion to Acquire TownSquare Capital and Expand its Wealth Management Operations

We’re thrilled to announce our agreement to acquire TownSquare Capital and expand our wealth management business.

Founded by a team of former fund managers in 2018, TownSquare serves independent wealth advisors, institutions, high-net-worth individuals, family offices, wealth advisors, accounting firms, and banks. Orion’s decision to acquire the Utah-based company will strengthen our wealth management capabilities by providing additional customized investment solutions to our growth-focused independent advisor clients.

The transaction is expected to close by early third quarter of 2022 following the completion of customary closing conditions. Post-close, the combined wealth management platform capabilities are expected to come to market quickly.