The following article was published by SNL: MarketWeek on May 11th, 2018 and names Pine Brook Road Partners-backed Clear Blue Financial. TAG Financial represented Clear Blue Financial Holdings LLC ("Clear Blue") as a start-up in November of 2015 bringing in Pine Brook, acquiring two insurance carriers and assisting Clear Blue in the AM Best rating process.
WOODLAND HILLS, Calif., April 30, 2018 /PRNewswire/ -- Peter C. Foy & Associates Insurance Services, LLC ("PCF" or the "Company") has completed the acquisition of R.L. Milsner, Inc. Insurance Brokerage; Senex Insurance Services, Inc.; Stratton Agency; and Clark & Associates of Nevada, Inc.
2017 proved to be another strong year for M&A activity in the insurance distribution space, continuing the strong momentum that has been building in the market since the recession. With over 500 announced transactions, it was a record setting year in terms of deal volume. Aggregate deal value, however, declined by 26 percent from the previous year ($5.4 billion in 2017 vs $7.3 billion in 2016), suggesting a greater degree of consolidation among small to middle market distributors.
XPT Group, LLC (“XPT”) announced that it has completed its acquisition of W.E. Love & Associates, Inc. (“W.E. Love”), a North Carolina based managing general agency. The acquisition of W.E. Love, the second undertaken by XPT in the last three months, follows the acquisition of Western Security Surplus Insurance Brokers, Inc. (“WSS”) in November 2017.
BP Marsh & Partners (“BPM”), a London based and listed private equity investor specializing in financial services businesses, made an equity investment in XPT Group, LLC (“XPT”). XPT is a New York-based specialty insurance distribution company led by an insurance industry veteran management team.
TAG Financial Nominated as Finalist for Investment Bank of the Year in the 7th Annual ACG New York Champion's Awards
ACG New York, the largest association of middle-market dealmaking professionals in New York, along with The M&A Advisor today announced the names of the companies, transactions and dealmakers selected as finalists for the 7th Annual ACG New York Champion’s Awards.
TAG Financial Institutions Group, LLC is pleased to announce that Jeffrey Cohen has joined the firm in a senior investment banking capacity as Managing Director.
TAG Financial Institutions Group advises Global Bankers Insurance Group on its Acquisition of Bankers Life Insurance Company
Bankers Insurance Group, a member of a group of companies within St. Petersburg-based Bankers Financial Corporation, today announced the sale of Bankers Life Insurance Company (BLIC) to Global Bankers Insurance Group, an insurance affiliate of Eli Global, effective December 15th.
TAG Financial Institutions Group, LLC is pleased to announce that it has promoted Katherine Derrenberger to Senior Associate where she will take on additional transactional and management responsibilities.
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