TriState Capital to Acquire Chartwell Investment Partners for $45M and $15M in Additional Pay Out Considerations

TriState Capital Holdings (NASDAQ: TSC ) entered into a definitive asset-purchase agreement to acquire Chartwell Investment Partners, L.P., an investment management firm with over 150 institutional clients and approximately $7.5 billion in assets under management. The holding company for TriState Capital Bank has been actively evaluating investment management firms