Investment Firm Bought

July 28, 2005
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GRAND RAPIDS — Milwaukee-based Ziegler Capital Management LLC, a unit of Ziegler Cos. Inc., has announced its pending acquisition of Burnham, Sullivan & Andelbrandt, an investment advisory firm with offices in Grand Rapids and Chicago.

Ziegler agreed to buy the firm in order to boost its assets under management, enhance distribution and cross sell products, and for the presence in Chicago and Grand Rapids, said John Mulherin, Ziegler Cos. CEO.

Burnham Sullivan manages about $520 million in assets for both institutional and high net worth individual clients. Its addition will increase Ziegler’s assets under management by 20 percent to roughly $3 billion.

The terms of the purchase were not disclosed. The deal is expected to close Aug. 15.    

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