Desjardins to Acquire Guardian in $1.7B Take-Private Deal

Desjardins Group has announced an agreement to acquire Guardian Capital in a transaction valued at $1.7 billion. This acquisition, expected to conclude in early 2026, will increase Desjardins’ assets under management to $280 billion and strengthen its position in the asset management sector both in Canada and internationally. Desjardins President Guy Cormier views this move as a strategic enhancement of their capabilities and reach, while Guardian CEO George Mavroudis highlights the transaction's premium return for shareholders and strategic alignment benefits.