North Star Investments, a firm based in Chicago, inked a deal to acquire investment advisor company Foundry Partners LLC, according to a press release. It made the deal through its affiliate CS McKee.

"Since its founding Foundry Partners has demonstrated a singular focus on its clients and building a team of experienced investments professionals with extensive investment skills and deep knowledge of the equity markets," Mark Gensheimer, president of CS McKee, said in the release. "Our two firms share similar investment philosophies and cultures, and we believe Foundry Partners' investment strategies will be an excellent complement to CS McKee's taxable fixed income, equity and multi-asset portfolios."

"We are delighted to join CS McKee, a very high quality and well-regarded institutional money manager," Timothy Ford, president and CEO of Foundry Partners, said in the release. "We are very excited about this next chapter of our firm's evolution as we become part of CS McKee."