MOORESVILLE, N.C., Feb. 3, 2023 /CNW Telbec/ – Lowe’s Corporations, Inc. (NYSE: LOW) as we speak introduced that it has accomplished the sale of its Canadian retail enterprise to Sycamore Companions, a non-public fairness agency specializing in retail, shopper and distribution-related investments.

“With the closing of this transaction, we are actually singularly centered on the transformation of our U.S. dwelling enchancment enterprise, the place now we have an incredible alternative to simplify Lowe’s operations and take market share,” stated Marvin R. Ellison, Lowe’s chairman, president and CEO. “Our simplified enterprise mannequin will help our efforts to enhance working margin and ROIC, whereas delivering sustainable worth to our shareholders.  I want to prolong my appreciation to your complete Canadian group for his or her dedication to serving our clients, and I want them the perfect as they transfer ahead beneath new possession.”

Advisers

Goldman Sachs & Co. LLC is serving as monetary adviser to Lowe’s, and Cleary Gottlieb Steen & Hamilton LLP and Stikeman Elliott LLP are serving as authorized counsel.  RBC Capital Markets is serving as monetary adviser to Sycamore Companions, and Kirkland & Ellis LLP and Blake, Cassels & Graydon LLP are serving as authorized counsel.

About Lowe’s

Lowe’s Corporations, Inc. (NYSE: LOW) is a FORTUNE® 50 dwelling enchancment firm serving roughly 18 million buyer transactions per week within the U.S. With whole fiscal yr 2021 gross sales of over $96 billion, roughly $90 billion of gross sales have been generated within the U.S., the place Lowe’s operates over 1,700 dwelling enchancment shops and employs roughly 300,000 associates. Primarily based in Mooresville, N.C., Lowe’s helps the communities it serves by way of applications centered on creating protected, reasonably priced housing and serving to to develop the following technology of expert commerce specialists. For extra info, go to Lowes.com.

About Sycamore Companions

Sycamore Companions is a non-public fairness agency primarily based in New York. The agency focuses on retail, shopper, and distribution-related investments and companions with administration groups to enhance the working profitability and strategic worth of their enterprise. With roughly $10 billion in combination dedicated capital raised since its inception in 2011, Sycamore Companions’ traders embrace main endowments, monetary establishments, household places of work, pension plans and sovereign wealth funds. For extra info on Sycamore Companions, go to www.sycamorepartners.com.

Disclosure Relating to Ahead-Trying Statements

This press launch consists of “forward-looking statements” throughout the which means of the Personal Securities Litigation Reform Act of 1995.  Statements together with phrases akin to “imagine”, “anticipate”, “anticipate”, “plan”, “need”, “mission”, “estimate”, “intend”, “will”, “ought to”, “may”, “would”, “could”, “technique”, “potential”, “alternative”, “outlook”, “state of affairs”, “steerage”, and comparable expressions are forward-looking statements.  Ahead-looking statements contain, amongst different issues, expectations, projections, and assumptions about future monetary and working outcomes, targets, enterprise outlook, priorities, gross sales development, shareholder worth, capital expenditures, money flows, the housing market, the house enchancment trade, demand for services, share repurchases, Lowe’s strategic initiatives, together with these referring to acquisitions and inclinations and the influence of such transactions on our strategic and operational plans and monetary outcomes.  Such statements contain dangers and uncertainties, and we can provide no assurance that they may show to be appropriate.  Precise outcomes could differ materially from these expressed or implied in such statements.

All kinds of potential dangers, uncertainties, and different components may materially have an effect on our skill to realize the outcomes both expressed or implied by these forward-looking statements together with, however not restricted to, adjustments typically financial circumstances, akin to volatility and/or lack of liquidity on occasion in U.S. and world monetary markets and the resultant diminished availability and/or increased price of borrowing to Lowe’s and its clients, the chance that impairment of the divested companies and the costs related to the divestiture may in the end be higher than what we at present anticipate, slower charges of development in actual disposable private earnings that might have an effect on the speed of development in shopper spending, inflation and its impacts on discretionary spending and on our prices, shortages, and different disruptions within the labor provide, rate of interest and foreign money fluctuations, dwelling value appreciation or lowering housing turnover, the provision of shopper credit score and of mortgage financing, commerce coverage adjustments or extra tariffs, outbreaks of pandemics, fluctuations in gasoline and vitality prices, inflation or deflation of commodity costs, pure disasters, armed conflicts, acts of each home and worldwide terrorism, and different components that may negatively have an effect on our clients.

The foregoing components and different uncertainties, dangers and potential occasions are described in “Merchandise 1A – Danger Elements” in our most up-to-date Annual Report on Kind 10-Ok and could also be up to date on occasion in Merchandise 1A in our quarterly stories on Kind 10-Q or different subsequent filings with the SEC. All such forward-looking statements converse solely as of the date they’re made, and we don’t undertake any obligation to replace these statements aside from as required by legislation.

SOURCE Lowe’s Corporations, Inc.

For additional info: Contacts: Shareholder/Analyst Inquiries: Kate Pearlman, 704-775-3856, [email protected]; U.S. Media Inquiries: Steve Salazar, 704-881-4272, [email protected]

CHICAGO, Jan. 31, 2023 /PRNewswire/ — Choreo, LLC (“Choreo” or “the agency”) right now introduced it has accomplished a beforehand introduced settlement to amass GreerWalker Wealth LLC, an entity affiliated with GreerWalker LLP.

The acquisition brings Choreo’s belongings beneath administration and advisement to roughly $14.8 billion¹. GreerWalker Wealth, which is predicated in Charlotte, North Carolina, has roughly $275 million in belongings. The deal represents a second growth of Choreo’s footprint within the Southeast. Phrases of the transaction weren’t disclosed.

“Finishing this acquisition builds on our robust momentum of success over the previous 12 months as we proceed growing this agency right into a vacation spot of alternative for advisors nationwide,” stated Michael Radford, CPA, Managing Director at Choreo. “Our partnership with GreerWalker LLP additionally aligns with our mission of serving to to resolve the complicated tax, wealth, monetary and property planning wants of shoppers.”

As a part of the deal, Choreo and GreerWalker LLP have established an ongoing strategic partnership to assist speed up development for his or her respective companies and create new alternatives for his or her monetary professionals and shoppers. The GreerWalker Wealth advisor workforce will report back to Mr. Radford, who can be primarily based in Charlotte. 

“Our two corporations have complementary enterprise fashions and philosophies that make this partnership a pure match,” stated John Norman, CPA, Managing Companion at GreerWalker LLP. “We stay up for leveraging Choreo’s full suite of expertise and operations experience to higher serve our shoppers.”

With the completion of this acquisition, GreerWalker Wealth’s shoppers can proceed working with the professionals they know and belief, receiving the identical monetary planning and wealth administration companies they at all times have.

The announcement follows different notable offers in 2022 by Choreo to amass wealth administration corporations, together with Cherry Bekaert Wealth Administration and Enso Wealth Administration. In all, it is the third acquisition by Choreo since Parthenon Capital, along with Choreo administration and advisors, bought the corporate from one of many largest CPA {and professional} companies corporations within the nation in February of 2022.

¹Approximate post-close quantity; additionally consists of belongings associated to the two different beforehand introduced acquisitions of Enso Wealth Administration and Cherry Bekaert Wealth Administration anticipated so as to add $2.8 billion in belongings beneath administration and advisement upon closing of these transactions. As of April 30, 2022, $11.8B constitutes Choreo’s regulatory belongings beneath administration or advisement. As of September 30, 2022, GreerWalker Wealth managed roughly $275M of belongings.

About Choreo, LLC
Choreo is an unbiased agency centered on redefining the RIA’s place within the wealth advisory business. Obsessed with enhancing the well-being of shoppers, their households and their communities, Choreo operates out of 28 areas throughout the nation. Choreo’s skilled advisors outline, design and construct options for his or her shoppers’ monetary and associated wants to allow them to give attention to what issues most to them. Initially launched over 20 years in the past as a subsidiary of one of many largest CPA {and professional} companies corporations within the nation, Choreo serves over 3,600 households with roughly $11.8 billion of belongings beneath administration or advisement (as of April 2022). For extra data, go to choreoadvisors.com.

Choreo, LLC is a restricted legal responsibility firm that gives funding advisory companies, monetary planning, and different wealth administration companies to people and companies. Choreo, LLC is an SEC-registered funding adviser. Registration as an funding adviser doesn’t indicate any skillset of the wealth supervisor and/or its advisors.

About GreerWalker LLP
GreerWalker LLP gives tax, accounting, and advisory companies centered on the wants of privately held middle-market corporations and their house owners all through the US and across the globe. Via their affiliate, GreerWalker Wealth LLC, an SEC-registered funding advisor, they provide personalized wealth planning for each stage of life. Their affiliate GreerWalker Company Finance LLC provides exit planning and merger and acquisition companies to finish the enterprise life cycle. With over 120 associates, they’re one of many ten largest CPA corporations of their area and among the many prime 200 CPA corporations in the United States. They’ve repeatedly been acknowledged as one of many nation’s “Better of the Greatest” accounting corporations by Inside Public Accounting primarily based on their general superior monetary and operational efficiency. For extra data, go to GreerWalker.com.

About GreerWalker Wealth LLC
GreerWalker Wealth LLC is registered as an funding adviser. As of September 30, 2022, the Agency served excessive internet value people and retirement plans with roughly $275 million beneath administration or advisement. GreerWalker Wealth LLC provides to its shoppers (people, excessive net-worth people, pension and profit-sharing plans, charitable organizations, and many others.) portfolio administration companies, monetary planning companies, monetary consulting companies, and retirement plan companies. For extra data, go to GreerWalker.com.

Media inquiries
Joseph Kuo / Michael Dugan
Haven Tower Group
424 317 4851 or 424 317 4852
[email protected] or [email protected]

SOURCE Choreo, LLC

BROOKFIELD, NEWS, Dec. 09, 2022 (GLOBE NEWSWIRE) — Brookfield Company (NYSE: BN, TSX: BN) (the “Company”) and Brookfield Asset Administration Ltd. (NYSE: BAM, TSX: BAM) (the “Supervisor”) right this moment collectively introduced the completion of the general public itemizing and distribution of a 25% curiosity within the Company’s asset administration enterprise, by way of the Supervisor, by means of a plan of association (“Association”).

The Company has modified its title from Brookfield Asset Administration Inc. to Brookfield Company, with impact from right this moment and on the open of markets on December 12, 2022, its shares will commerce underneath the brand new ticker “BN” on each inventory exchanges. The Supervisor takes the title Brookfield Asset Administration Ltd. and has been efficiently listed on the New York Inventory Trade and the Toronto Inventory Trade. On the open of markets on December 12, 2022, its shares will commerce underneath the ticker “BAM” on each inventory exchanges.

Shareholders can now entry a number one pure-play world various asset administration enterprise, by way of the Supervisor. The Company will proceed specializing in deploying capital throughout its working companies, rising its money flows and compounding capital over the long run.

About Brookfield Company

Brookfield Company (NYSE: BN, TSX: BN) is targeted on deploying its capital on a price foundation and compounding it over the long run. This capital is allotted throughout our three core pillars of asset administration, insurance coverage options and our working companies. Using a disciplined funding strategy, we leverage our deep experience as an proprietor and operator of actual property, in addition to the size and suppleness of our capital, to create worth and ship sturdy risk-adjusted returns throughout market cycles. With vital capital underpinned by a conservatively capitalized stability sheet, Brookfield Company is effectively positioned to pursue vital alternatives for development.

Please notice that Brookfield Company’s earlier audited annual and unaudited quarterly reviews have been filed on EDGAR and SEDAR and may also be discovered within the investor part of its web site at https://bn.brookfield.com. Arduous copies of the annual and quarterly reviews could be obtained freed from cost upon request.

Story continues

For extra info, please go to our web site at https://bn.brookfield.com or contact:

About Brookfield Asset Administration

Brookfield Asset Administration (NYSE: BAM, TSX: BAM) is a number one world various asset supervisor with over $750 billion of property underneath administration throughout actual property, infrastructure, renewable energy and transition, non-public fairness and credit score. We make investments shopper capital for the long-term with a give attention to actual property and important service companies that kind the spine of the worldwide economic system. We provide a variety of different funding merchandise to buyers world wide — together with private and non-private pension plans, endowments and foundations, sovereign wealth funds, monetary establishments, insurance coverage firms and personal wealth buyers. We draw on Brookfield’s heritage as an proprietor and operator to speculate for worth and generate sturdy returns for our purchasers, throughout financial cycles.

Please notice that Brookfield Asset Administration’s returns and reviews might be filed on EDGAR and SEDAR and may also be discovered within the investor part of its web site at https://bam.brookfield.com. Arduous copies of annual and quarterly reviews could be obtained freed from cost upon request.

For extra info, please go to our web site at https://bam.brookfield.com or contact:

Ahead Trying Statements

Info on this press launch that’s not a historic truth is “forward-looking info”. This press launch incorporates “forward-looking info” throughout the that means of Canadian provincial securities legal guidelines and “forward-looking statements” throughout the that means of Canadian provincial securities legal guidelines and “forward-looking statements” throughout the that means of the U.S. Securities Act of 1933, the U.S. Securities Trade Act of 1934, and “secure harbor” provisions of america Non-public Securities Litigation Reform Act of 1995 and in any relevant Canadian securities laws. Ahead-looking statements are sometimes recognized by phrases akin to “anticipate”, “anticipate”, “consider”, “foresee”, “might”, “estimate”, “aim”, “intend”, “plan”, “search”, “try”, “will”, “could” and “ought to” and related expressions. Ahead-looking statements replicate present estimates, beliefs and assumptions, that are based mostly on the notion of historic developments, present situations and anticipated future developments, of the Company and the Supervisor, in addition to different components administration believes are applicable within the circumstances. The estimates, beliefs and assumptions of the Company and the Supervisor are inherently topic to vital enterprise, financial, aggressive and different uncertainties and contingencies concerning future occasions and as such, are topic to vary. Neither the Company nor the Supervisor may give assurance that such estimates, beliefs and assumptions will show to be appropriate.

This press launch incorporates forward-looking statements regarding anticipated future attributes of the Company and the Supervisor following completion of the Association; and statements which replicate administration’s expectations concerning the operations, enterprise, monetary situation, anticipated monetary outcomes, efficiency, prospects, alternatives, priorities, targets, objectives, ongoing aims, methods and outlook of the Company and the Supervisor. Components that would trigger precise outcomes, efficiency, achievements or occasions to vary materially from these contemplated or implied by forward-looking statements embrace, however will not be restricted to: (i) funding returns which might be decrease than goal; (ii) the influence or unanticipated influence of normal financial, political and market components within the international locations wherein the Company and the Supervisor do enterprise together with on account of COVID-19 and the associated world financial disruptions; (iii) the conduct of monetary markets, together with fluctuations in curiosity and international alternate charges; (iv) world fairness and capital markets and the provision of fairness and debt financing and refinancing inside these markets; (v) strategic actions together with tendencies; the flexibility to finish and successfully combine acquisitions into current operations and the flexibility to realize anticipated advantages; (vi) adjustments in accounting insurance policies and strategies used to report monetary situation (together with uncertainties related to important accounting assumptions and estimates); (vii) the flexibility to appropriately handle human capital; (viii) the impact of making use of future accounting adjustments; (ix) enterprise competitors; (x) operational and reputational dangers; (xi) technological change; (xii) adjustments in authorities regulation and laws throughout the international locations wherein the Company and the Supervisor personal, function and handle property and companies; (xiii) governmental investigations; (xiv) litigation; (xv) adjustments in tax legal guidelines; (xvi) means to gather quantities owed; (xvii) catastrophic occasions, akin to earthquakes, hurricanes and epidemics/pandemics; (xviii) the attainable influence of worldwide conflicts and different developments together with terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of enterprise initiatives and methods; (xx) the failure of efficient disclosure controls and procedures and inner controls over monetary reporting and different dangers; (xxi) well being, security and environmental dangers; (xxii) the upkeep of enough insurance coverage protection; (xxiii) dangers particular to the Company’s working companies together with, its asset administration, actual property, renewable energy and transition, infrastructure, non-public fairness and residential improvement companies and dangers particular to the Supervisor’s asset administration enterprise; (xxiv) the existence of knowledge limitations between sure companies throughout the Supervisor; and (xxv) components detailed now and again in paperwork filed by the Company and the Supervisor with the securities regulators in Canada and america. Different components, dangers and uncertainties not presently recognized to the Company and the Supervisor or that the Company and the Supervisor consider will not be materials might additionally trigger precise outcomes or occasions to vary materially from these expressed or implied by statements containing forward-looking info. Readers are cautioned to not place undue reliance on statements containing forward-looking info which might be included on this press launch, that are made as of the date of this press launch, and to not use such info for something aside from their supposed objective. The Company and the Supervisor disclaim any obligation or intention to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, besides as required by relevant legislation.