Montrusco Bolton Investments Inc. is merging with Quebec-based investment firm Gestion AEquilibrium.

The financial terms of the transaction were not disclosed. Montrusco Bolton has a little over $1 billion in assets under private management, and Gestion AEquilibrium has $315 million. Montrusco Bolton manages a total of $5.4 billion of assets on behalf of its clients.

Gestion AEquilibrium’s Saint-Hyacinthe operations will continue from their current location using their current name. In addition, Gestion AEquilibrium’s key managers are retaining their strategic role within the organization.

Sylvain Boulé, president and CEO of Montrusco says he is pleased with the merger and sees an excellent opportunity to be even closer to his clients. “We are extremely proud of the confidence expressed by the Gestion AEquilibrium team, and happy to be able to provide this new clientele with new investment solutions” he said.

“It is no accident that we have chosen to join forces with Montrusco Bolton, said and André Benoit, chairman of Gestion AEquilibrium. “This is a company that, in addition to having roots in Québec that date back nearly 60 years, has an excellent reputation in the industry. Our clients will now benefit from more services, while maintaining a business relationship that emphasizes trust and excellence.”

Boulé and Benoit emphasized that the two investment firms shared many of the same philosophies regarding private wealth management, facilitating the stability and continuity of Gestion AEquilibrium’s operations within this new framework.