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Ltc Global Acquires Pittsburgh Brokerage Services

Oct 31, 2022•almost 3 years ago

Acquiring Company

LTC Global, Inc.

Acquired Company

Pittsburgh Brokerage Services

Fort MyersInsuranceHealth CareInsuranceMarketplaceFinancial Services

Description

LTC Global, Inc. announced today that it has acquired Pittsburgh Brokerage Services, Inc. (PBS), a Capitas Financial, Inc. partner headquartered in Pittsburgh. PBS Founder, Thomas Hall, will continue to manage the business. PBS joins other Capitas Financial member agencies already a part of the LTC Global group: Pacific Southwest Financial and Insurance Services, Inc., Smith Companies and NorthCoast Brokerage Agency, Inc. Mr. Hall is one of the original founding partners of Capitas Financial.

Company Information

Company

LTC Global, Inc.

Location

Fort Myers, Florida, United States

About

LTC Global owns and operates a national distribution network for senior market insurance and financial products. Also provides capital to independent long term care agents and agencies. Products LTC Global offers a range of products including Long Term Care insurance policies underwritten by major carriers, Medicare Supplement, Life & Disability Insurance & Annuities. For Agent or Agency Owner If you are an agent or agency owner, we have many opportunities to help you develop your LTCi business or finance expansion or an early retirement.

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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