Home Breadcrumb caret Industry News Breadcrumb caret Industry TMX to acquire AST Investor Services (Canada) The deal is worth $165 million By The Canadian Press | September 25, 2020 | Last updated on September 25, 2020 1 min read ALVAREZ / ISTOCKPHOTO TMX Group Ltd. has signed a deal to acquire AST Investor Services Inc. (Canada) for $165 million. AST Investor Services and its subsidiary AST Trust Company (Canada) provide transfer agency, corporate trust and related services to Canadian public and private companies. They have about 150 employees in offices in Toronto, Montreal, Calgary and Vancouver. TMX Group, the operator of the Toronto Stock Exchange, is acquiring the companies from Armor Holdco Inc., a portfolio company of Pacific Equity Partners. Armor’s U.S. operations, including American Stock Transfer & Trust Company LLC and D.F. King & Co., Inc., are not a part of the transaction. TMX says the transaction is expected to close within six to 12 months, subject to regulatory approvals. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo