Haywood Securities Inc. will bolster its presence in retail sales and trading when it buys Vancouver-based Bolder Investment Partners Ltd., the investment dealer announced Tuesday.
The financial terms of the transaction were not disclosed, but once the deal is complete the two companies are expected to move their employees into one office at Vancouver’s Waterfront Centre.
Both Bolder and Haywood are employee-owned investment companies and have had a long-standing business relationship since Bolder’s inception in 1998.
“This is a dynamic and fluid industry, and to be successful over the long term we need to be part of a team with the expertise and capacity to finance larger deals,” said C. Channing Buckland, chairman and CEO of Bolder.
Haywood chairman John Tognetti said he was looking forward to working more closely with Buckland.
Said Tognetti: “The cultures of our two firms are very similar and complimentary in a variety of ways, and this deal will significantly expand our investment services.”