Allegis Realty Investors acquired Batterymarch: Agrivest, an institutional investor in farmland, from Dean LeBaron, the former owner of Batterymarch Financial Management. Terms were not disclosed.
Batterymarch: Agrivest has $235 million under management and makes equity and debt investments. Its pension fund clients include the State Teachers Retirement System of Ohio, AT&T and Lucent Technologies. The firm will continue to operate independently. The 10-person management team will remain intact, said Allegis CEO James O'Keefe.