On September 19, 2023, Johnson Financial Group announced its planned acquisition of The Appleton Group.
Under the terms of the transaction, Johnson Financial Group (“Johnson”) will acquire The Appleton Group (“Appleton”). Mark Scheffler and the six Appleton employees will join Johnson after the transaction closes. Financial terms were not disclosed.
Johnson, based in Racine, Wisconsin, is a registered investment advisor that offers wealth management, retirement plan consulting and financial wellness services. Johnson has $10 billion in assets under management. DeVoe exclusively advised Johnson on the financial aspects of the transaction.
Appleton, based in Appleton, Wisconsin, is a registered investment advisor serving high-net-worth individuals and families. Appleton has $210 million assets under management.
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