---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-120547"
form_type: "8-K"
ticker: "WHG"
cik: "0001165002"
company_name: "WESTWOOD HOLDINGS GROUP INC"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T14:48:21.601180+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Westwood acquires Salient asset management business for $35M; AUM rises to $16.3B

## Summary
- Upfront cash payment of $35M, plus up to $25M earn-out based on revenue retention and growth targets.
- AUM increases 33% to $16.3B; adds Energy Infrastructure ($2.1B), Tactical Equity ($1.3B), Real Estate ($242M), Private Investments ($367M).
- Expected ~100% accretion to economic EPS in 2023, first full year post-close.
- Westwood acquires 47% stake in Broadmark Asset Management; restricted stock grants of $5M to six Energy Infrastructure team members.

## SEC filing metadata
- accession: 0001104659-22-120547
- form_type: 8-K
- ticker: WHG
- cik: 0001165002
- company_name: WESTWOOD HOLDINGS GROUP INC
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/0001104659-22-120547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/tm2230949d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-120547
- JSON: https://secwatch.observer/filing/0001104659-22-120547.json
- Plain text: https://secwatch.observer/filing/0001104659-22-120547.txt

## Key facts
- M&A Transactions
  WESTWOOD HOLDINGS GROUP INC completed an acquisition involving Salient Partners, L.P. for $35 million in cash, plus up to $25 million in contingent earn-out payments (closed 2022-11-18).
  - Action: acquisition
  - Counterparty: Salient Partners, L.P.
  - Consideration: $35 million in cash, plus up to $25 million in contingent earn-out payments
  - Closing: 2022-11-18
  source text: “ Seller ”). The purchase price paid by the Company at the closing (the “ Closing ”) of the transactions contemplated by the Purchase Agreement (the “ Salient Acquisition ”) was $35 million in cash, subject to certain customary adjustments, including adjustments for working capital and client consents. The Company funded the closing payment with cash on hand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1165002/000110465922120547/0001104659-22-120547-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.