Markel Insurance Money-Backed Rosemont Investment Buys a Stake in Landmark Management
Posted on 07/04/2023
Rosemont Investment Group, LLC targets employee-owned asset and wealth management companies. In late June 2023, Rosemont signed a deal to purchase a 40% minority equity stake in New York-based Landmark Management, LLC (Landmark), a multi-family office. Landmark provides investment management, accounting and tax preparation services for a limited number of ultra-high net worth families. The firm has more than US$ 4 billion in assets under management. Landmark was founded in 1997 by Earl “Trip” Samson III and his wife Allyson Samson as Compton Capital Partners.
Advisors
DLA Piper advised Landmark Management, LLC (Landmark). Cozen O’Connor served as legal representative to Rosemont. Berkshire Global Advisors served as financial advisor to Landmark.
In 2018, Rosemont partnered with insurance company Markel Corporation in which the insurer would funnel money to allow Rosemont to acquire more wealth management firms. Rosemont was formed in 1998 as a researching firm and consultant to small wealth management firms.