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Rosemont Investment Partners LLC will assume a minority stake in Hartland & Co. LLC as part of a management-led recapitalization effort.
Under the transaction, a number of current and new Hartland employee shareholders will invest with Rosemont, a West Conshohocken, Pa.-based private equity firm.
Founded in 1989, Hartland is a Cleveland-based wealth management and institutional adviser. Silver Lane Advisors LLC advised Hartland on the transaction.