#USA #Chicago #North Square Investments #CS McKee #Foundry Partners

North Square Investments Expands Portfolio with Foundry Partners Acquisition

On April 28, 2025, North Square Investments made headlines by finalizing its acquisition of Foundry Partners, a decision facilitated by its majority-owned affiliate, CS McKee. This strategic move was confirmed by Mark Goodwin, Co-Founder and CEO of North Square Investments.

Foundry Partners, established in September 2012, has built a reputation as a top-tier investment adviser with a focus on value-oriented equity strategies. Its integration into CS McKee is expected to enhance the firm’s existing business significantly, aligning with growth objectives set forth by North Square.

"Foundry Partners is not just an acquisition; it’s a complementary addition to what we already offer, with an impressive history that will strengthen our capabilities," stated Goodwin. The addition is projected to augment CS McKee's assets under management by approximately $2.3 billion. This substantial increase highlights the potential for enhanced investment offerings and expanded client services.

In the wake of this acquisition, Goodwin also shared pivotal news regarding leadership changes within CS McKee. Mark Gensheimer, the current president, is set to retire following a transition phase, with Timothy Ford, the president and CEO of Foundry Partners, stepping in as the new CEO of CS McKee. Gensheimer’s tenure in the investment industry spans over 44 years, including 20 years at CS McKee, where he helped the firm navigate various market challenges, including its acquisition by North Square in 2020.

"Mark’s leadership has been instrumental in maintaining a strong position for CS McKee amidst market fluctuations. We are grateful for his contributions and wish him the very best in retirement," Goodwin added, acknowledging Gensheimer's impact on the firm's legacy.

Ford, who began his career at CS McKee, expressed excitement about leading the firm into a new chapter. With a team of experienced professionals from Foundry Partners on board, Ford aims to maintain continuity in client services and preserve established investment processes during this phase of integration.

"The talented team from Foundry has a remarkable track record that we will leverage to drive future successes. Joining CS McKee is an exciting opportunity, and we look forward to what comes next," Ford said.

The acquisition also saw legal guidance from distinguished firms, with North Square and CS McKee consulting Kirkland Ellis, while Foundry engaged Buchanan Ingersoll Rooney PC for legal expertise.

As part of CS McKee's illustrious history, the firm has been managing a diverse portfolio since its inception in 1931, growing assets to more than $8.6 billion as of March 31, 2025. CS McKee serves a variety of institutional clients, encompassing pension funds, universities, and municipalities, and fosters a commitment to investment excellence.

North Square Investments, headquartered in Chicago and founded in 2018, strives to provide innovative investment strategies. With more than $2.13 billion under management and partnerships with firms like CS McKee and Oak Ridge Investments, North Square is poised for further growth in the financial landscape.

In conclusion, the acquisition of Foundry Partners is a significant milestone for North Square Investments, representing its commitment to broadening its investment capabilities and client offerings. As the market continues to evolve, the integration of Foundry Partners into CS McKee will undoubtedly forge a path for future achievements within the competitive investment landscape.