Aimia acquires Mittleman Brothers

Aimia Inc. (TSX: AIM) has announced that it has closed its acquisition of Mittleman Brothers LLC, the parent company of Mittleman Investment Management, LLC and has appointed Phil Mittleman as permanents CEO of Aimia, the company said.

Chris Mittleman will serve as the Chief Investment Officer and a member of the board.

Mittleman Investment Management, LLC (MIM) is a value investment adviser that provides discretionary portfolio management to institutional investors and high-net-worth individuals.

The Mittleman Brothers transaction will serve as a solid platform for the company to execute its new strategy as an investment holding company.

Aimia Inc. (TSX: AIM) is an investment holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes.

The company operates an investment advisory business through its wholly-owned subsidiary Mittleman Brothers Inc., and owns a diversified portfolio of valuable investments including a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V (PLM), owner and operator of Club Premier, the leading coalition program in Mexico, a 49% equity stake in Kognitiv, a transformative leader in loyalty, a 20% equity stake in travel technology company BIGLIFE, the operator of BIG Loyalty.