"We are pleased to have Lovell Minnick as an equity holder and to add Jeffrey Lovell to the Matthews Board of Directors. Lovell Minnick has considerable knowledge and experience working with investment management firms so their addition as an equity holder is a welcome development," stated Mark Headley, Chairman of Matthews. "Lovell Minnick's history as a patient, value-added investor is consistent with our own philosophy as investors and operators."
"The Matthews team has built an exceptional investment management firm with a focused approach, outstanding long-term track record, and differentiated market presence. We fully support the firm's business approach and continuation of their strategy," said Jeffrey Lovell, Chairman and Managing Director of Lovell Minnick.
Barrington Partners performed due diligence for Lovell Minnick in their transaction with Matthews.