Highland Capital Brokerage Acquires Hallett Financial Group And Quotacy
Jan 10, 2022•almost 4 years ago
Acquiring Company
Highland Capital Brokerage
Acquired Company
Hallett Financial Group
Description
Highland Capital Brokerage, a national life insurance and annuity distribution company and subsidiary of Advisor Group, today announced the acquisitions of Hallett Financial Group, an independent insurance brokerage agency based in Minneapolis, as well as Hallett Financial's sister company, Quotacy, an insuretech firm.
M&A Insights
Based on deal dataIntegration 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