Egan Jones Proxy Services announced today its acquisition of substantially all of the operating assets of ProxyTell, LLC. Egan-Jones Proxy Services, established in 2002 by Egan-Jones Ratings Co., is a leading independent provider of proxy research, voting recommendations and voting services to a variety of institutional investors. Specific financial terms of the acquisition were not provided.
The current President of ProxyTell, LLC, Kevin E. McManus, will assume
responsibility for the management of Egan-Jones Proxy Services. According to Kevin McManus,
The advantage of our technology allows us to bring to the market is the highest possible quality proxy analysis with a 20/20 focus on maintaining and growing shareholder value in the long term. Most importantly, this quality research is brought to the marketplace at some of the lowest price points in the industry.
The resulting company will be global in nature with partnerships in both the US and beyond.
I look forward to more from this new combination.
Egan-Jones Proxy Services, established in 2002 by Egan-Jones Ratings Co., is a leading independent provider of proxy research, voting recommendations and voting services to a variety of institutional investors. Egan-Jones provides institutional investors with a reliable, attractive solution to fulfilling shareholder voting obligations. Egan-Jones covers all client equity holdings, and its recommendations are based on proxy voting guidelines chosen by the client, adjusted for company-specific information. Egan-Jones is cognizant of the cost pressures facing many managers and aims to be responsive.
Our business philosophy is one of helping stakeholders to understand the long term risk and performance drivers of publically traded corporations. We believe that good corporate governance creates a “Win-Win” for shareholders, management, directors, employees and society at large.
We see ourselves as a 21st century proxy advisor, efficient, versatile and very affordable. We base our vote recommendations on quantifiable data points whenever possible and follow a consistent and good for business approach.
We are not activists nor has our company ever been owned by an activist group, thus we do not create activist proxy voting opinions that may adversely impact your investment plan.
Corporate governance is our CORE business, not just a company we happen to own until we can sell it to someone else. Our vote recommendation decisions are made by our staff professionals, not temps.