First Eagle Investments closed its take‑private acquisition of Diamond Hill Investment Group, the Ohio‑based manager of equity portfolios. Shareholders receive $175.00 per share in cash, ending Diamond Hill’s public listing. The deal folds a boutique firm into a platform that already oversees roughly $213 billion in assets under management and advisement as of March 31, 2026. The cash price includes a modest premium.

CEO Heather Brilliant will stay at the helm of Diamond Hill while also taking on a newly created chief operating officer role at First Eagle. Retaining the existing leadership eases integration and signals continuity for clients accustomed to Diamond Hill’s investment style. The transaction adds roughly $2 billion of discretionary assets to First Eagle’s portfolio. These additional assets boost First Eagle’s fee‑based revenue.

The buyout expands First Eagle’s reach into mid‑market institutional investors and strengthens its distribution network in the Midwest. By converting Diamond Hill to a private subsidiary, First Eagle avoids public‑company reporting burdens while leveraging Diamond Hill’s research capabilities. Such consolidation can enhance bargaining power with providers.