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Simplicity Acquires Breakthrough Insurance Group And Welcomes Tim Kelly As Partner

PRIVATESep 06, 2023

Acquiring Company

Simplicity Group Holdings

Acquired Company

Breakthrough Insurance Group

SummitFintechHealth CareEmployee BenefitsInsurance

Description

Simplicity Group Holdings, Inc. ("Simplicity") today announced that it has acquired Breakthrough Insurance Group ("BIG"), a New Jersey-based full-service life, annuity, and long-term care insurance general agency. With this deal, Tim Kelly becomes Simplicity's newest Partner.

Quick answer

Simplicity Group Holdings is acquiring Breakthrough Insurance Group, announced September 6, 2023. Simplicity Group Holdings is based in Summit, New Jersey, United States.

How much did Simplicity Group Holdings pay for Breakthrough Insurance Group?
The deal value was not disclosed.
What does Simplicity Group Holdings do?
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..
Where are Simplicity Group Holdings and Breakthrough Insurance Group based?
Simplicity Group Holdings is based in Summit, New Jersey, United States.
Who are the decision-makers at Simplicity Group Holdings?
Fundz holds 2 contacts at Simplicity Group Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Fintech and Employee Benefits

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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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Frequently asked

Who acquired Breakthrough Insurance Group?

Breakthrough Insurance Group was acquired by Simplicity Group Holdings, based in Summit. The deal was reported on September 6, 2023. Simplicity Group Holdings is privately held and operates in Fintech.

When did Simplicity Group Holdings acquire Breakthrough Insurance Group?

Simplicity Group Holdings's acquisition of Breakthrough Insurance Group was reported on September 6, 2023. Simplicity Group Holdings, Inc. ("Simplicity") today announced that it has acquired Breakthrough Insurance Group ("BIG"), a New Jersey-based full-service life, annuity, and long-term care insurance general agency. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Breakthrough Insurance Group do?

It is privately held, operating in Health Care.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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