Peter C. Foy & Associates Insurance Services Completes Four Acquisitions and a Refinancing4/30/2018
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.
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Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of TAG Capital Partners, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and TAG Capital Partners, LLC are separate affiliated entities. Securities and Investment Banking Services are offered through TAG Capital Partners, LLC.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.