Fortegra Financial Acquires Pacific Benefits Group Northwest, LLC -- Leading Independent Insurance Agency
04 Oktober 2011 - 10:15PM
Marketwired
Fortegra Financial Corporation (NYSE: FRF) today announced it has
acquired Pacific Benefits Group Northwest, LLC (PBG), a leading
U.S. independent insurance agency.
PBG markets and sells health, accident, critical illness and
life insurance policies to more than 7,000 customers in the U.S.
PBG represents over 25 of the top U.S. insurance companies offering
a broad mix of health coverage products, including medical, dental,
accident, critical illness, guaranteed issue medical, life and
disability insurance. Since its founding in 1997, PBG has built a
strong technological platform, including a proprietary customer
relationship management system that enables target product
distribution to customers. Headquartered in Beaverton, OR, PBG has
48 full and part time employees and is licensed as an agent in 42
states.
"Pacific Benefits Group is a great strategic fit for Fortegra,
bringing a unique set of assets that we believe will help drive
continued growth for our company," said Rick Kahlbaugh, Chief
Executive Officer of Fortegra. "PBG's outbound call center
expertise can add value to all Fortegra business lines and provides
Fortegra direct access to end users. With its specialized customer
relationship management system, outbound sales platform, successful
leadership, and ability to sell all Fortegra products, we are
confident that PBG is an acquisition that will deliver value to our
shareholders."
The transaction closed effective October 3, 2011. The terms of
the transaction were not disclosed.
About Fortegra Financial Corporation
Fortegra Financial Corporation is an insurance services company
that provides distribution and administration services and
insurance-related products to insurance companies, insurance
brokers and agents and other financial services companies in the
United States. It sells services and products directly to
businesses rather than directly to consumers. Fortegra's brands
include Life of the South, Consecta, Bliss & Glennon and
eReinsure.
Contacts: Stephanie Gannon 904-352-2759
investor.relations@fortegra.com Fern Lazar 212-867-1762
flazar@lazarpartners.com
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