Private Asset Management

Threshold Eyes East Coast Acquisitions 12/16/2009

Multi-family office Threshold Group will seek acquisitions in a bid to expand its national footprint as soon as it finalizes its merger with Philadelphia-based Ashbridge Investment Management. The Gig Harbor, Wash.-based firm does most of its business with families west of the Mississippi, and will therefore scope out East Coast firms. “We need a presence in the Northeast corridor, New York, Boston, and D.C.,” said Ed Lazar, president. Threshold, which manages $1.5 billion, will consider both multi- and single-family offices.

The Ashbridge deal was born when Lazar met an Ashbridge executive at a conference. “We shared our business plans, and it just made sense for us to merge, because they’re family owned, first and foremost,” explains Lazar, adding that the combined entity will ...

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