Winnipeg-based Pavilion Financial Corp announced the closing of the transaction to purchase the business of Jeffrey Slocum & Associates, Inc. on Monday.

As part of the closing, the Slocum team will join Pavilion Advisory Group Inc., Pavilion’s U.S.-based institutional investment, advisory and retirement benefits consulting subsidiary and operate out of its Minneapolis office.

The two teams, which together have more than 160 employees, complement each other in experience and expertise and have common ground in their approach to servicing clients, says Keith Mote, president and managing director of Pavilion Advisory Group, in a statement.

“Building on this strong foundation, we’re excited about the unique blend of services we’ll now be able to offer institutional investors of all types,” he says. “Delivering high-quality investment advice to our clients remains our primary objective.”

Pavilion Advisory Group’s core practice areas include: health care, retirement plans, endowments and foundations, and insurance.

Pavilion’s combined research team, under the leadership of chief investment officer Susan McDermott, will operate out of offices in Chicago, Minneapolis and Montreal, and includes professionals dedicated to risk management.

See: Pavilion to acquire U.S. firm Slocum & Associates