Core Insights - GAMCO Investors, Inc. reported an increase in assets under management (AUM) to $33.3 billion as of June 30, 2025, up from $30.7 billion a year earlier [1] - The company anticipates second quarter 2025 diluted earnings per share to be between $0.89 and $0.94, compared to $0.61 for the same period in 2024 [1] Group 1: Financial Performance - The investment management services business of Keeley, acquired from Teton Advisors on May 1, 2025, contributed approximately $1.0 billion to AUM [2] - Gabelli plans to provide further details regarding its financial results in early August [2] Group 2: Company Overview - Established in 1977, Gabelli is a recognized provider of investment advisory services, managing 27 open-end funds, 13 closed-end funds in the U.S., and one in the U.K., along with 5 actively managed exchange-traded funds [3] - The company's revenue is primarily derived from AUM levels and associated fees from various investment products [3] Group 3: Investment Strategies - Gabelli launched its All Cap Value equity strategy in 1977 and entered the mutual fund business in 1986, now offering a diverse range of client solutions across various asset classes, regions, and investment styles [4] - The client base includes institutions, intermediaries, offshore investors, private wealth, and direct retail investors [4]

Core Viewpoint - GAMCO Investors, Inc. has reached an agreement to acquire the investment management services business of Keeley – Teton Advisors, LLC, which includes four mutual funds and approximately 500 separately managed accounts with assets under management of nearly $1.0 billion [1][2]. Group 1: Transaction Details - The transaction allows Keeley employees, including research, portfolio management, and client service professionals, to continue operating under the Keeley name and servicing existing clients [2]. - The acquisition is seen as a significant milestone for Keeley, enhancing its commitment to delivering long-term value for customers and stakeholders [3]. Group 2: Company Background - Gabelli is recognized for its research-driven value approach to equity investing, operating through subsidiaries that manage a diverse range of investment products, including 24 open-end funds and 14 closed-end funds [4]. - The firm serves a broad client base, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors, and has successfully integrated new teams of registered investment advisors (RIAs) [4][5].