Experience

HEDGE FUND SERVICES TRANSACTION

Integris Partners recently advised J.D. Clark & Co., Inc. of Ogden, Utah on its sale to UMB Fund Services, Inc., a subsidiary of UMB Financial Corporation (NASDAQ: UMBF).  This is the fourth transaction closed by Integris Partners in 2009.

“The Integris team brought the expertise necessary to work with a public-company buyer and helped us to achieve full value for our unique market position and experience in servicing the hedge fund industry,” said Jeff Clark, CEO of J.D. Clark & Co.  “Integris focused not only on price and terms, but also on our team’s role in post-transaction operations and integration.  By supporting me in my broader objectives for a sale, Integris helped to structure both the deal and the new entity in a manner that will maximize the benefits for all involved.”

“Aligning J.D. Clark & Co., with UMB Fund Services, Inc. gives our client the platform and resources necessary to continue the company’s aggressive growth and places the combined businesses in the top quartile of service providers to alternative investments in the U.S.,” said Patrick Seese, Managing Director at Integris Partners. 

J.D. Clark & Co. is a leading third party hedge fund administrator with $18.5 billion in assets under management.  Based in Ogden, Utah, the company manages all components of accounting, tax and regulatory compliance, client reporting, and other advisory services for the hedge fund industry.

UMB Fund Services, Inc. offers a complete line of products and services to the fund industry including administration and fund accounting, alternative investment services, investor services and transfer agency, marketing and distribution. UMB Financial Corporation (NASDAQ: UMBF), the parent company of UMBFS, is an $11 billion financial services holding company headquartered in Kansas City, Mo. offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide.

For additional information, please contact Patrick Seese or Ethan Furtek.