Impax Asset Management Group plc (AIM:IPX) acquired remaining 16.7% stake in Impax Asset Management LLC for $3.3 million on February 15, 2021. Impax Asset Management Group acquired Impax Asset Management for a total consideration, net of loans, of $3 million. In connection with this, Impax announces the issue and allotment of 181,467 ordinary shares of 1 pence each in Impax Asset Management ("Ordinary Shares") to those members of the Impax Asset Management LLC management team that elected to receive Ordinary Shares for part or all of their consideration. Contingent consideration payments of $270,000 will be made in cash later in February to the previous shareholders and management as relevant assets under management of the Pax World funds reached an average of $5.52 billion over three measurement dates, growing to US$6.6 billion at 31 December 2020, up from $4.9 billion in January 2018. Impax Asset Management Group plc (AIM:IPX) completed the acquisition of remaining 16.7% stake in Impax Asset Management LLC on February 15, 2021.