Johnson Financial Group to Acquire Cleary Gull Advisors

January 15, 2016

On January 6, 2016, Johnson Financial Group Inc. signed a definitive agreement to acquire Clearly Gull Advisors Inc.

Cleary Gull Advisors Inc. (“Cleary”) is an employee-owned Milwaukee-based wealth management firm with $2.1 billion of assets under advisement.  Johnson Financial Group Inc. (“Johnson Financial”) is the parent company of Johnson Bank and Johnson Insurance.  The acquisition will not include Cleary’s investment banking division.  The transaction is expected to close in the first half of 2016 pending obtaining client consents and regulatory approval.

Johnson Financial is a $4 billion financial services company operating in Wisconsin and Arizona, principally owned by the Samuel C. Johnson family.  Cleary operates through two divisions, Investment Advisory Services and Investment Banking Services, providing investment advice for high net worth individuals and families, pilots, non-profit hospitals and senior living communities.

To read the press release: please click here.



Investment Manager M&A, Transactions