Jersey-headquartered international financial services firm Suntera Global is expanding its existing Stateside footprint by entering into an agreement to acquire Experienced Advisory Consultants LLC.
EAC provides outsourced solutions, management company and operational support services to alternative investment managers across the US.
This marks a positive step for EAC and reflects the quality of the business, the calibre of our people, and the long-standing trust placed in the firm by our clients
EAC co-founder Ed Fasano
The deal is expected to complete in May, after which the EAC team will join Suntera and will become “EAC, a Suntera Global Company”.
They will rebrand to Suntera at a later date.
It follows the acquisition of Socium (now Suntera Fund Services) in 2022.
Suntera has said the addition of EAC “will further add scale and jurisdictional depth within the US” with the addition of two new offices in Florida and Connecticut.
EAC co-founder Ed Fasano described the deal as “a positive step” that “reflects the quality of the business, the calibre of our people, and the long-standing trust placed in the firm by our clients”.
He said: “For Suntera, EAC stood out for its specialist outsourced solutions, disciplined operational approach to client delivery, and its proven track record in delivery of high-touch support to alternative investment managers, making this an exceptionally strong strategic fit.”
Mr Fasano continued: “Becoming part of Suntera provides EAC with access to broader resources and international infrastructure, while preserving the autonomy, entrepreneurial culture, and client-focused approach that underpin the firm’s success.
“We very much look forward to working with our new team members and expanding our existing offering for clients.”
I am looking forward to welcoming the EAC team to Suntera and working together to offer an exceptional service to our growing client base
Suntera chief executive David Hudson
Suntera chief executive David Hudson said: “By joining up with a well-established and respected business such as EAC, we are expanding our US and international footprint, reinforcing our ability to support clients across the full fund lifecycle and across the globe.”
Mr Hudson continued: “Given its existing reputation and success, EAC will continue to operate under its current leadership of Ed Fasano with his management team and professionals, ensuring continuity, deep sector knowledge, and a strong client focus as the business becomes part of the wider group.
“I am looking forward to welcoming the EAC team to Suntera and working together to offer an exceptional service to our growing client base.”