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Simplicity completes acquisition of Concourse Financial Group Agency from Protective Life

Oct 08, 2024•about 1 year ago

Acquiring Company

Simplicity Group Holdings

Acquired Company

Concourse Financial Group

SummitBirminghamFintechFinanceFinancial 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 is the leading partner for advisors, financial institutions, and consumers by delivering the best combination of wealth accumulation and financial protection products that meet the needs of a consumer-oriented holistic financial plan. As one of the fastest growing partnerships in the financial services industry, Simplicity offers an unrivalled array of tools and technologies to grow and protect wealth, which can be accessed through affiliation, outsourcing, or joining the partnership. In an ever-changing environment, Simplicity's commitment to working in our clients' best interest is unwavering and has always been anchored to our commitment to Education, Value, and Partnership.

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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