F.L. Putnam Acquires Wisconsin-Based Red Granite Team to Expand Midwest Presence
F.L. Putnam Investment Management (FLP) has expanded its presence in the Midwest by acquiring the Red Granite team from an affiliate of 1251 Capital Group. The six-member Milwaukee-based investment team manages over $1 billion in assets and specializes in a large-cap growth equity strategy that seeks to outperform the Russell 1000 Growth Index with lower risk. The acquisition adds new capabilities to FLP's proprietary equity platform, enhancing its Midwest footprint while offering clients access to differentiated strategies. The Red Granite team will continue operating from their Milwaukee office and is led by Co-Chief Investment Officers Joel Vrabel and David Drzadinski, who have worked together since 1996. FLP CEO Tom Manning emphasized the strategic value of integrating this experienced team into FLP's broader platform. The transaction terms were not disclosed.
Topics: acquisition expansion investment management Midwest presence