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Report: Johnson Investment Counsel buys asset management company

Johnson Investment Counsel Inc. has purchased Riazzi Asset Management LLC, a Dayton, Ohio-based asset management company offering individual separate portfolio planning services, the Dayton Business Journal reported.

CEO John Riazzi and his employees will join Johnson Investment's office in Dayton. The deal, which will take effect April 1, adds $143 million in assets to Johnson Investment and expands the company to 122 employees.