Caprock has acquired Grey Street Capital, a boutique advisory firm based in Chicago with $2.2 billion in client assets. This marks Caprock's first acquisition while increasing its assets under advisement to over $11 billion.
Grey Street Capital will now operate under the Caprock brand and bring additional locations in Scottsdale, Arizona; Winter Park, Florida; and Morris County, New Jersey. Jay Page, Co-Founder and CEO of Grey Street, is an industry vet with over 20 years of experience and stints at notable firms such as Goldman Sachs and Schroder Capital.
The acquisition allows for an expanded market presence and opportunities to scale their services. The financial terms of the agreement between Caprock and Grey Street Capital were not disclosed.
To view the press release, click here.
