Milwaukee-based institutional money manager Riverwater Partners increased its assets under management to more than $500 million with the acquisition of Germantown, Wis.-based Falcons Rock Investment Counsel LLC.
Terms of the deal were not disclosed.
Falcons Rock founder Greg Wait will join Riverwater, which manages socially responsible investments and applies environmental, social and governance criteria to portfolios of small, mid and large-sized companies. Cindy Bohlen and Nathan Fredrick will join in ownership with Wait and Riverwater's existing partners.
