Wellington-Altus closes Kelso investment deal
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Hey there, time traveller!
This article was published 13/01/2026 (246 days ago), so information in it may no longer be current.
A Winnipeg-based investment dealer announced on Monday the successful close of a strategic minority investment from a U.S. private equity firm.
Kelso & Company, based in New York City, has funnelled $388 million into Wellington-Altus Financial in exchange for a 25 per cent minority stake. More than 99 per cent of Wellington-Altus shareholders supported the secondary share sale.
With this transaction, Wellington-Altus has exceeded a $1.5 billion valuation. The occasion coincides with two other milestones for the company: it has surpassed 1,000 employees across Canada and has also reached more than $45 billion in assets under administration.
Kelso is a North American-focused middle-market private equity firm that has raised $17 billion in capital commitments across 11 funds since 1980. Wellington-Altus was founded in 2017 by Shaun Hauser. The company looks forward to new growth milestones in the future, Hauser said in a news release.
— Free Press staff