The massive wave of ESG investment interest has spilled into dealmaking.

Trillium Asset Management CIO John Quealy says that his firm is selling itself to Perpetual.

Trillium is a Boston-based ESG equity and fixed-income manager that launched in 1982. Perpetual has been around since 1886 and is one of the oldest financial firms in Australia.

“With ESG investing rapidly gaining momentum among individual and institutional investors alike, this partnership will enable us to continue to be at the forefront and to push the envelope on impact,” said Matthew Patsky, CEO of Trillium. “This transaction will provide us with additional resources that we can use to better meet the evolving expectations of our clients, shareholders, employees and the broader community.”

Trillium Goes to Australian Acquirer

Under terms of the deal, Perpetual will purchase Trillium for $36 million and an earnout, according to Pensions & Investments. The deal would close by June.

Perpetual aims to market Trillium’s ESG-focused products to a broader investor base in Australia. It also intends to expand into new markets across the Asia Pacific, Middle East, and Europe.

Trillium Asset Management, based in Boston with $3.8 billion in assets under management. will maintain its name, autonomy, and structure, Mr. Quealy said.

Related: ESG: ESG Investing at Inflection Point in 2020, says Nasdaq Head