The London Company of Virginia Expands Equity Ownership to Additional Employees, Continuing Its Multi-Generational Planning
The London Company of Virginia (“The London Company”) recently completed a significant transition of equity to its employees.
As part of a long-term succession plan, the firm’s founder and majority owner, Stephen Goddard, and investment partner Lincoln Peak Capital both sold shares to employees of the firm. More than 10 senior level employees participated in the transaction. In total, 16 of The London Company’s 45 employees are now equity owners.
Steve Goddard remains the majority owner of the firm. “The London Company intends to continue to diversify its ownership among its employees while reducing the ownership of both myself and Lincoln Peak Capital,” said Mr. Goddard. “The creation of a multi-generational, sustainable firm has been a vision of mine for a long time. This is just another step in the process. The London Company team works hard every day to make the business successful and I look forward to working with them for many years to come.”
The London Company was founded in 1994 by Steve Goddard. He remained the sole owner of the firm until 2010 when the equity transition began with Jon Moody becoming the second employee owner. “In 2012, equity ownership was expanded among the employees, along with an outside investor, Lincoln Peak Capital,” said Mr. Goddard.
About The London Company of Virginia
The London Company is a majority employee-owned registered investment advisor founded in 1994 in Richmond, VA. The London Company manages focused U.S. Equity portfolios across all market capitalizations. Their strategies are offered through separately managed accounts, mutual funds, and select other channels. The firm manages approximately $15.1 billion in assets under management ($32.6 billion in total entity assets), as of 3/31/2021. Strategies focus on U.S. equity management across all market capitalizations. The team consists of 45 employees, with 11 investment professionals that average 17+ years of experience. More information about The London Company, including its investment strategies, fees and objectives are fully described in the firm’s Form ADV Part 2, which is available upon request by calling (804) 775-0317, or can be found by visiting www.TLCadvisory.com.
About Lincoln Peak Capital
Founded in 2008, Lincoln Peak Capital is a long-term, supportive equity partner for high quality asset management firms that seek to gain or retain their independence while effectuating changes in their ownership. We provide capital and expertise to help successfully transition ownership within a firm and work as a supportive partner to help them realize their long-term potential. Our private, permanent capital platform and investment approach supports multi-generational partnerships and long-term alignment of interests. Lincoln Peak Capital currently has partnerships with firms who currently manage approximately $100 billion. For more information visit www.lincolnpeakcapital.com.
For More Information
For more information, please contact:
Milin Iyer, Director, Sondhelm Partners at milin@sondhelmpartners.com or 703-752-1510.