Peloton Capital Management and Stephen Smith have acquired Glass Lewis from Ontario Teachers’ Pension Plan Board and Alberta Investment Management Corporation. Glass Lewis is a provider of independent global governance services. Its research reports provide analysis and recommendations on every proxy vote, including M&A and other financial transactions, along with its industry-leading proxy vote management services drive value across all governance activities for institutional investors.

“Capital markets participants have become increasingly focused on environmental, social, and governance factors as they build their business strategies. Glass Lewis is very well positioned to provide solutions to address the global demands generated by this shift,” said Smith. “Glass Lewis has built a venerable brand and we look forward to helping them deliver important governance solutions to the marketplace.”

“Peloton Capital Management and Stephen are committed to long-term, sustainable value creation through good governance. This aligns strongly with the core values we have established at Glass Lewis,” said Kevin Cameron, executive chair at Glass Lewis. “Together, we can advance our mission to help our customers drive value across their governance and stewardship activities.” 

“Investors and public companies across the globe depend on research, insights, and technology from Glass Lewis to run their governance programs. With climate risk and deep social changes at the forefront of conversations across boardrooms, Glass Lewis’ solutions have never been more critical to sustainable business success,” said Steve Faraone, managing partner at Peloton Capital. 

Lazard acted as financial advisor and Torys LLP was legal counsel to Ontario Teachers’ and AimCo. Perkins Coie LLP acted as legal counsel to Peloton Capital Management and Stephen Smith.