Portland-based Foreside Financial Group LLC plans to acquire New Hampshire-based competitor NCS Regulatory Compliance for an undisclosed sum, the companies said Thursday.

Foreside, which has 150 employees, provides a range of services to the asset management industry. In 2017, Lovell Minnick Partners, a private equity firm based in Radnor, Pennsylvania, purchased a majority stake in the company and has since implemented a growth and expansion strategy, according to a news release.

NCS has about 80 employees and is based in Londonderry, New Hampshire. It provides outsourced compliance and regulatory services to the investment adviser and broker-dealer markets. Terms of the acquisition were not disclosed. The deal is expected to close this month.

Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.