Johnson Asset Management employees acquired a majority stake in the company, confirmed CIO Wendell Perkins. Employees now own 70% of the firm, which will be renamed Optique Capital Management and will relocate to Milwaukee from Racine, Wis., probably in February.
The Johnson family, which owns S.C. Johnson & Son Inc., previously owned 65% of Johnson Asset.
As part of the deal, which closed Nov. 30, the Sheldon Lubar family of Milwaukee acquired the other 30% of the firm. Terms were not disclosed.