NEWS PICK-UP: Company Announces Plan to Relocate to Palm Beach County

The Business Development Board (BDB) is pleased to announce Convergence Investment Partners is relocating from Grafton, Wisconsin to the city of Palm Beach Gardens. The company has leased 2,400 square feet of space at 3801 PGA Boulevard for their new headquarters, where they plan to employ 10 professionals. The BDB has been facilitating this relocation since 2016. Christopher Smith and Jason Sundook of NAI Merin Hunter Codman, represented Convergence while Tara England and Mark Pateman of Cushman & Wakefield represented the owners of 3801 PGA Blvd.

“As an investment manager, there were several key attributes which led us to choosing Palm Beach County as our new home,” noted Dave Abitz, President of Convergence. “The concentration of fellow investment professionals and hedge funds ranked high on our list of positive attributes that Palm Beach Gardens has to offer. The favorable tax climate and weather conditions further tipped the scale in our decision. Moving from a part of the country nicknamed the “Frozen Tundra” to a state where your license plate reads “Endless Summer,” made this an obvious choice for our team!”

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