Boyd Watterson, Amber Establish Real Estate, Infra Platform

Boyd Watterson Asset Management, LLC and Amber Infrastructure Group Holdings Limited jointly announced a business combination under a common parent company to create a global real estate, infrastructure, and fixed income asset management platform.

Upon closing, the company, through its operating subsidiaries, will be employ 300 investment personnel, eight U.S. offices and 12 twelve countries with about $35.7 billion in assets under management.

While the financial terms of the transaction have not been disclosed, the company’s shareholders will be comprised of existing shareholders in Boyd Watterson and Amber.

Brian Gevry will serve as chairman and CEO of the combined company, and Gavin Tait, will remain Amber CEO and oversee the infrastructure business globally, reporting to Gevry.

“The planned combination will create greater scale for Amber to grow its global infrastructure business, including US Infrastructure opportunities, while bringing new opportunities for Boyd Watterson’s clients,” Tait said.

Cleveland, OH-based Boyd Watterson was founded in 1928 by its predecessor firm and has $18.2 billion in assets under management across its real estate and fixed income portfolios.

Founded in 2009, Amber is headquartered in London, UK and oversees £14 billion or approximately US$17.5 billion in AUM. Amber specializes in mobilizing private capital to deliver essential infrastructure projects globally across sectors.

Founded in 2009, Amber is headquartered in London and oversees approximately $17.5 billion in assets.