Fiera Capital Corporation closed its acquisition of Bel Air Investment Advisors LLC, an investment group based in Los Angeles, and its New York affiliate, Wilkinson O'Grady & Co., Inc. Both Bel Air and Wilkinson O'Grady were acquired for approximately $156.25 million US. In itself, Bel Air was acquired for approximately $125 million US, an amount which included a payment of $115 US in cash. The remaining $10 million US will be paid to the sale partners through the offering of subordinate voting shares over a 32-month period. Wilkinson O'Grady was acquired for approximately $31.25 million US, which included a cash payment of $29.7 million US and an offering of $1.6 million US of new Class A shares to certain shareholders. Through these acquisitions, Fiera Capital adds assets of approximately $8.5 billion CA to its private wealth management business. Fiera Capital was advised by a team of Fasken Martineau lawyers that included Gabriel Castiglio, Jean-Pierre Chamberland, Monica Dingle, Constantinos Ragas and Jimmy Triassi.