Location: Louisville, Kentucky
Investment Focus/Specialty: All Value Equity
Firm Summary
River Road Asset Management, LLC is an institutional investment management firm founded in April 2005 by veteran value investor
James C. Shircliff, R. Andrew Beck, and Henry W. Sanders. River Road distinguishes itself by adhering to an ‘Absolute Value’ investment
discipline. Based in Louisville, KY, River Road employs 23 associates. The firm’s investment
strategies include Small Cap Value, Small-Mid Cap Value, and Dividend All Cap Value. River Road provides institutional separate account
and sub-advisory investment services to a broad range of domestic and international clients.
Transaction Summary
River Road used AMF’s capital to purchase a 45% minority ownership interest held by Fortis Bank, S.A./N.V. Upon completion of the transaction,
River Road became fully independent, an important milestone for the firm and its employees.
Partner Firm Perspective
"The ability to offer greater equity participation to our employees creates a virtuous circle by allowing us to maintain our
culture and independence, traits that are both highly valued by our clients and a fundamental necessity for our continued
growth," said Andrew Beck, River Road’s president and co-founder. "The AMF process was incredibly quick. We
considered traditional sources of financing, but the combination of terms, speed, and flexibility that AMF offered was superior to
alternative options."