Following an announcement from Rosemont, Yahoo Finance reported that the firm has entered into an agreement to sell Rosemont Partners III, LP’s minority equity interest in Clearstead, executing the final stage of a recapitalization investment.

The publication reported that, “Rosemont’s 2017 investment in Clearstead was instrumental in accelerating an equity succession plan, rebranding, and profitable growth.”

Through this four-year investment, Clearstead grew its AUA by more than $10 billion, broadened employee ownership, executed three acquisitions and achieved multiple key hires. Through Rosemont’s investment, the firm was also able to expand and upgrade its service offering, investment capabilities and operating infrastructure.

“Our relationship with Rosemont was much more than a financial agreement,” said Clearstead CEO Dave Fulton. “Their partnership, industry relationships, networks and decades of industry experience have been invaluable to us. With their support and guidance, our firm is now positioned for the next decade of growth and success.”

Click here to read the entire Yahoo Finance announcement.