M&A - WESTWOOD HOLDINGS GROUP INC

Form Type: 10-K

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000116500225000022

Filing Summary: Westwood Holdings Group, Inc. has made significant acquisitions to expand its asset management capabilities, notably acquiring the asset management business of Salient Partners, L.P. in 2022, which includes Salient Capital, L.P. and Salient Advisors. Additionally, in January 2023, the company increased its ownership interest in Broadmark from approximately 48% to 80%, establishing a controlling interest. These acquisitions are part of Westwood's strategy to enhance its investment advisory services and develop innovative investment strategies. As of December 31, 2024, the firm managed approximately $16.6 billion in assets under management and approximately $1.0 billion in assets under advisement, reflecting its focus on building strong client relationships and expanding its service offerings.

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