Investor services group IQ-EQ, previously known as SGG Group, has wrapped up the purchase of Blue River Partners after securing the go-ahead from regulators.

The integration of the two firms has started immediately. Financial terms of the transaction were not disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Blue River, a US-based outsourced solutions provider to alternative asset managers, will continue to operate under its existing brand.

In the US, it will market its offerings as ‘Blue River Partners, part of IQ-EQ’.

The consolidation is said to create an “industry-leading” alternative fund administration and outsourced services provider in the US and strengthen IQ-EQ’s position as one of the top four investor services providers worldwide.

The combined business will have 200 employees and over 500 clients across the US.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will have offices in Dallas, Fort Worth, Houston, Austin, New York City, Chicago as well as San Francisco.

Blue River CEO and founding Mark Fordyce will serve as the CEO of the merged business.

Along with Fordyce, the board of the US business will include Blue River founding partner Michael Minces and IQ-EQ group CEO Mark Pesco and group head of Funds Justin Partington.

The deal, announced earlier this year, marks IQ-EQ’s first deal in the private equity and hedge fund services sector in the US.

Pesco stated: “This deal marks a significant milestone for the IQ-EQ team and another important step in our long-term strategic growth plan.

“Blue River’s entrepreneurial approach and clear commitment to delivering client service excellence make them a natural fit and an important part of our future U.S. expansion plan.”