Pavilion Financial Corporation keeps momentum rolling with another strategic acquisition

DanielBy: Daniel Friedman, President & CEO, Pavilion Financial Corporation

We’re always excited to add expertise and experience to our Pavilion family, which is why I couldn’t be more pleased about our recently announced plans to acquire the business of Jeffrey Slocum & Associates, Inc. (Slocum).

There’s no doubt this transaction presents a strategic opportunity for both organizations, and I’m excited for what it means for our clients and future clients. Our team will have the resources and expertise to lead the industry across a wide range of areas such as healthcare, insurance, endowment and foundations and retirement benefit consulting, while our combined resources and research-driven knowledge will allow us to enhance our offering to clients, expanding the quality advice and solutions they are seeking.

To give you some background, Slocum currently advises on approximately US$125 billion in client assets, serving a broad array of institutional clients in the U.S. and Canada, including healthcare systems, endowments and foundations, retirement plans (defined contribution and defined benefit), insurance companies, religious organizations and Native American tribal communities.  Its services include enterprise risk modeling, asset allocation and liability studies, risk management, manager searches, investment policy development, performance analysis and reporting, and client education.  At closing, we’ll be combining Slocum’s business with our institutional investment consulting subsidiary in the U.S., Pavilion Advisory Group Inc., and the Slocum team will operate under the Pavilion name out of its current office in Minneapolis.

As is the case with almost every strategic acquisition we make, virtually all Slocum employees (all consultants, investment, research and performance measurement/reporting professionals) will be making the transition to Pavilion. Jeffrey Slocum, founder, will be retiring from institutional consulting after a brief transition period.

As part of our employee-owned culture, members of Slocum’s senior management team will become shareholders in Pavilion and will maintain key leadership positions in the combined organization. As well, we expect to invite other members of the Slocum team to become shareholders after the transaction closes.

Our long-standing strategy of offering employee-ownership proved to be very compelling for Slocum, aligning perfectly with its consultant and client interests.  Pavilion’s depth of expertise, specialized and dedicated services and our commitment to meeting and exceeding client expectations also were an incredible fit for their clients and their team.

When the transaction closes in the coming weeks, we fully expect the acquisition will be a win for the Slocum team and its clients.  It will represent another strong addition to the Pavilion family as we continue to grow strategically, assembling various expert and specialized teams to bring top quality investment advisory services and solutions to enhance the client experience.

To learn more about the transaction, you can read our news release here, or peruse the coverage in Chief Investment Officer, Investment Executive, or Pensions & Investments.