Lowe Enterprises Investors (LEI) announced the completion of a consolidation transaction whereby LEI’s longtime equity partner, The Guardian Life Insurance Company of America (Guardian), has acquired the equity interest in LEI formerly held by Lowe Enterprises.
With the transaction now closed, the company, renamed Broadshore Capital Partners, retains all of LEI’s existing staff and LEI’s senior management has a 15 percent equity interest, with Guardian owning the remainder. Co-chief executive officers Bradford Howe and Bleecker Seaman III retain their titles and continue to lead the successor entity.
The terms of the transaction were not disclosed.
Guardian initially became an equity partner of LEI in 2010, and this transaction is a natural progression of the investment and partnership.
Broadshore Capital Partners continues to manage more than $2 billion in real estate investments on behalf of public pension funds, insurance companies, internatio
