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Altamont Capital Partners Completes Strategic Investment in Horizon Investments


Altamont Capital Partners Completes Strategic Investment in Horizon Investments

Altamont expertise and capital will support continued expansion of Horizon’s innovative solutions for advisors and investors

Charlotte, NC – Horizon Investments, LLC (Horizon), a registered investment advisor with $7 billion in assets under advisement, today announced that Altamont Capital Partners has successfully completed its strategic investment in the firm, providing Horizon with key resources that will allow Horizon to further cement its position as a leader in goals-based investment solutions.

John Drahzal, formerly President of Horizon, has been elevated to the role of Chief Executive Officer on the closing of this transaction. The core of Horizon’s long-tenured executive leadership team remains in place, including Chief Investment Officer Scott Ladner, General Counsel and Chief Compliance Officer Matt Chambers, and Chief Financial Officer Stephen Terry. Horizon founder and CEO Robbie Cannon is shifting to the role of Strategic Advisor, in which he will continue to play an active role in the direction of the firm.

“This is an exciting day for Horizon as we close on this investment and look to the future,” said Drahzal. “The strategic insights and capital provided by the Altamont team could not be more complementary to our deep subject matter expertise, technical capabilities and industry knowledge. This is a tremendous match – one that will allow us to build on the success we have already achieved as we take our efforts to the next level.”

Dave Odenath, Operating Partner at Altamont, joins the Horizon Investments board of directors and also assumes the role of Executive Chairman. “Having worked closely with John and the Horizon leadership team over the past several months as we completed this transaction, I have been able to see firsthand the creativity and passion they bring to their work. Their efforts will form the core of a strategy that will leverage new distribution approaches to bring Horizon’s goals-based investment framework to a much larger marketplace.”

“We’re very pleased to have made this investment in Horizon,” added Keoni Schwartz, Managing Director with Altamont. “But this is just the beginning of a larger, multi-step investment and distribution-driven plan that will accelerate the expansion of Horizon’s reach and the advisor community’s understanding and usage of goals-based approaches to help their clients meet their needs at all phases of their saving and retirement journey.”

“Horizon’s groundbreaking approach to goals-based investing and strong management are just a few of the reasons why we’re pleased to grow this partnership,” said Sam Gaynor, Managing Director with Altamont. “I am excited for the company’s experienced, industry-leading team to continue building upon the success they’ve already seen. We are actively looking at additional acquisitions to the platform to further expand Horizon’s capabilities and offerings.”

Terms of the investment were not disclosed. BMO Capital Markets acted as Financial Advisor to Horizon Investments.

About Horizon Investments

Horizon Investments is a pioneer in providing modern goals-based investment management. With a focus in goals-based investment strategies, Horizon is dedicated to helping financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals. Horizon’s investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental, and macroeconomic analysis. Financial advisors turn to Horizon for innovative risk mitigation and retirement income strategies. Horizon’s GAIN PROTECT SPEND® framework, combined with its investment management methodology, has been a cornerstone of Horizon’s portfolio construction process for over a decade.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.