“Financial maverick negotiates a final exit” said the print headline of The Portland Business Journal’s coverage of Arnerich Massena’s recent transition to 100% employee ownership. In the article, author Matt Kish details the deal that will make it possible for Arnerich Massena to continue to serve its clients with the same philosophy and integrity that has characterized the firm since its founding by Tony Arnerich in 1991.
“It took Arnerich four years to figure out how to exit the firm,” Kish notes. “The deal ensures Arnerich Massena will remain local and continue operating in the same fashion.” Kish remarks that Tony Arnerich expects to remain closely involved with the firm, with his responsibilities slowly winding down.
The article also welcomes Dave Nute as Arnerich Massena’s new CEO. Nute is quoted, providing a taste of Arnerich Massena’s “secret sauce” – a combination of superior returns, access to private markets, and impact: “The combination of those three things, along with a very strong sense of community, are the underpinnings of what makes Arnerich special.”
To read the full Portland Business Journal article, visit http://arnerichmassena.com/about/investment-research.htm.
The article is available to Portland Business Journal subscribers here: http://www.bizjournals.com/portland/news/2017/01/06/tony-arnerich-eases-out-of-arnerich-massena-as.html
To view the press release about the Arnerich Massena management buyout, visit http://arnerichmassena.com/pdf/pr/press%20release_FINAL.pdf.