Mesirow, an independent, employee-owned financial services firm, acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on Dec. 31, 2024.
“We are pleased to welcome Bastion to Mesirow as we extend our alternatives offering in the asset-backed lending space,” Natalie Brown, CEO of Mesirow, said. “The Bastion team has built an impressive business and culture that aligns well with our own, and we are confident that they will be an integral part of Mesirow’s ongoing growth and success.”
“We are thrilled to join Mesirow, an independent, employee-owned firm whose client-centric approach and emphasis on long-term relationships align seamlessly with our own values,” Jay Braden, CEO of Bastion, said. “Mesirow’s robust distribution platform will enable us to accelerate our growth while continuing to deliver exceptional service to our clients. We are proud of our historical performance and excited about the opportunities this partnership brings to expand our lending platform and build on our success.”
“As Mesirow continues to execute its growth strategy, focused on adding best-in-class products to better serve our clients, Bastion’s strong returns and top-tier client servicing in an attractive market make them a great addition to the Mesirow platform,” Ketan Shah, chief strategy officer and general counsel of Mesirow, said.
DLA served as legal advisors to Mesirow. Berkshire Global Advisors served as financial advisor to Bastion and Latham Watkins served as Bastion’s legal advisors.
