M&A Deal Summary

Simplicity Group Acquires Allegis Advisor Group

On September 15, 2022, Simplicity Group acquired business services company Allegis Advisor Group

Acquisition Highlights
  • This is Simplicity Group’s 7th transaction in the Business Services sector.
  • This is Simplicity Group’s 31st transaction in the United States.
  • This is Simplicity Group’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-09-15
Target Allegis Advisor Group
Sector Business Services
Buyer(s) Simplicity Group
Deal Type Add-on Acquisition

Target

Allegis Advisor Group

Sandy, Utah, United States
Allegis Advisor Group is a full-service insurance marketing and financial planning firm that works with advisors nationwide to grow and simplify their business. Allegis Advisor offers a breadth of business-building solutions including brand development, live, virtual, and on-demand sales training and educational events, access to back-office experts for new business and case management, case design, underwriting, and advanced markets. Allegis Advisor Group was formed in 2009 and is based in Sandy, Utah.

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Buyer(S) 1

Buyer

Simplicity Group

Summit, New Jersey, United States
Category Company
Founded 2008
Sector Business Services
DESCRIPTION

Simplicity Group is a financial product distribution firm focused on retirement planning solutions through a combination of annuity, life insurance, and securities products. Simplicity Group was founded in 2008 and is based in Summit, New Jersey.

DEAL STATS #
Overall 31 of 52
Sector (Business Services) 7 of 16
Type (Add-on Acquisition) 30 of 50
State (Utah) 1 of 1
Country (United States) 31 of 52
Year (2022) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Coastal Insurance Consulting

Malvern, Pennsylvania, United States

Coastal Insurance Consulting is a brokerage agency that provides insurance products, marketing, and underwriting support for financial professionals. Coastal Insurance Consulting was founded in 2013 and is based in Malvern, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Daly Brokerage

Southington, Connecticut, United States

Daly Brokerage provides superior service and a wide variety of top-rated products to its network of brokers to help clients mitigate risk. Daly Brokerage was founded in 1997 and is based in Southington, Connecticut.

Buy -
Mergr

Product

Company

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