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Strategic Capital
Advisors, LLC, led by founder Arthur J.
Drago, brokered three strategic deals for
Boston-based Pioneer Investment Management,
Inc. in 2004, bringing the Pioneer family of
funds approximately $3.3 billion in assets.
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Ft. Lauderdale, FL (PRWEB)
January 6, 2005 -- Strategic Capital
Advisors, LLC, led by founder Arthur J.
Drago, brokered three strategic deals for
Boston-based Pioneer Investment Management,
Inc. in 2004, bringing the Pioneer family of
funds approximately $3.3 billion in assets
and the adoption of 13 funds inclusive.
The latest transaction
was Pioneer’s $3.1 billion acquisition of 22
Safeco (Nasdaq: SAFC) mutual funds from the
Seattle-based insurance company. Seven of
these funds were reorganized as Pioneer
funds; fifteen were merged into existing
Pioneer funds. Earlier in the year, two Oak
Ridge (Oak Ridge Investments, LLC, Chicago)
equity funds with a total of $25 million in
assets were reorganized as Pioneer Oak Ridge
funds, and four Papp (L. Roy Papp &
Associates, LLP, Phoenix, AZ) equity funds
with a total of $153 million in assets were
reorganized as Pioneer Papp funds. |
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"Strategic Capital
Advisors took the extra time to understand
our company and our posture,” noted Steven
Graziano, Pioneer’s Executive Vice
President, Strategic Marketing. “The firm’s
deliberate approach to the search and its
thorough vetting of candidates helped us
make the right strategic fit in all three
acquisitions. Arthur’s in-depth knowledge of
our business and culture convinced our new
partners of the merits of the fits as well.”
Strategic Capital
Advisors, LLC, a wholly owned subsidiary of
Drago Holdings, LLC, specializes in mergers
and acquisitions for the financial service
industry.
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