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Simplicity completes acquisition of Concourse Financial Group Agency from Protective Life

Oct 08, 2024•9 months ago

Acquiring Company

Simplicity Group Holdings

Acquired Company

Concourse Financial Group

SummitBirminghamFintechFinanceFinanceFinancial Services

Description

Simplicity Group Holdings, Inc., a leading financial products distribution firm, has successfully acquired Concourse Financial Group Agency (CFGA) from Protective Life Corporation. This acquisition strengthens Simplicity's presence in the insurance distribution business and will provide CFGA professionals with access to Simplicity's best-in-class sales and marketing programs.

Company Information

Company

Simplicity Group Holdings

Location

Summit, New Jersey, United States

About

Simplicity Group Holdings, Inc. is a premier financial products distribution firm, known for empowering independent financial professionals with top-tier products, wealth management offering, and advanced digital marketing services. It is one of the nation's largest and fastest-growing financial product distribution companies, supporting independent financial professionals, banks, broker-dealers, and wealth management firms.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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