Conner Strong & Buckelew has formed a strategic alliance with Century Equity Partners (Century) to accelerate the firm's expansion strategy.
The alliance leverages Conner Strong's market-leading service and delivery model with Century's extensive M&A experience and industry relationships to immediately enhance organic growth and targeted acquisition strategies.
Under the terms of the alliance, Century will acquire a minority interest in Conner Strong & Buckelew. George E Norcross, III, Conner Strong's Executive Chairman; Mike Tiagwad, President and CEO; and Joseph Buckelew, Chairman, will maintain their majority interest in the firm. Together with the existing management team, they will continue in their current leadership positions.
"Our success over the past several years has created a solid foundation that will allow us to expand our capabilities and grow our geographic footprint," says Tiagwad. "Since spinning off as a private company from Commerce Bank in 2008, we have consistently exceeded the published organic growth rates of the public companies in our industry, by a multiple of two to three. This is the ideal partner at the ideal time to help take the company to the next level."
