09:20 AM EST, 01/08/2025 (MT Newswires) -- MetLife ( MET ) said Wednesday its asset management business MetLife Investment Management sealed a deal to acquire three investment teams and assets managed by financial services firm Mesirow in an effort to expand its services in fixed income and equity management.

Financial terms were not provided.

The asset management company said approximately $6 billion of assets managed by the investment teams will be transferred to MetLife Investment Management.

About 20 employees of the acquired teams are expected to join MetLife Investment Management once the transaction is finalized, MetLife ( MET ) said.

MET shares were 1.1% higher in recent premarket trading.