BV Investment Partners, the private equity firm based in Boston, has completed its acquisition of fund administrator Butterfield Fulcrum in a deal which includes family office and wealth management reporting and administrative service provider FORS.

The combination of Butterfield Fulcrum and FORS aims to offer outsourcing solutions across the alternative investment management, family office and trust industries although the two companies will continue to be run as separate businesses by their respective management, the firm said in a statement. BV Investment Partners signed an agreement to acquire the firm in February of this year.

Glenn Henderson will become Butterfield Fulcrum’s chief executive while Tim Calveley will become chief operating officer of the parent company and continue as CEO of FORS. Sean Foley has been appointed chief financial officer of Butterfield Fulcrum, effective immediately, while Chris Mulhern will continue in his role as COO and president.

“This brings together two highly complementary businesses that are focused on client delivery, quality products and services, and a high level of industry expertise and experience that resides in a talented team of senior level executives and staff,” said Henderson.

“Butterfield Fulcrum is now positioned to provide a full service offering with front, middle and back office capabilities backed by a powerful technology platform to its clients,” said Chris Mulhern, COO & President of Butterfield Fulcrum.

Henderson and Calveley will have significant ownership stakes in the new company, along with BV Investment Partners, the firm said. Financial terms of the transaction were not disclosed.

Butterfield Fulcrum is headquartered in Bermuda while FORS has offices in Bermuda, New York, Singapore and Toronto.