M&A Deal Summary

Simplicity Group Acquires Concourse Financial Group

On October 8, 2024, Simplicity Group acquired financial services company Concourse Financial Group from Protective Life

Acquisition Highlights
  • This is Simplicity Group’s 8th transaction in the Financial Services sector.
  • This is Simplicity Group’s 52nd transaction in the United States.
  • This is Simplicity Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-10-08
Target Concourse Financial Group
Sector Financial Services
Buyer(s) Simplicity Group
Sellers(s) Protective Life
Deal Type Divestiture

Target

Concourse Financial Group

Birmingham, Alabama, United States
Concourse Financial Group provides access to a full-range of advisory, brokerage, and insurance services. Concourse Financial Group is based in Birmingham, Alabama.

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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 52 of 52
Sector (Financial Services) 8 of 8
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 52 of 52
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 benefitRFP

Sacramento, California, United States

benefitRFP is a direct, high-end national provider of Executive Benefit Plan solutions. benefitRFP simplifies the complex world of executive benefit planning, combining various products and services from leading investment and insurance product vendors with robust and cost-competitive administrative solutions. benefitRFP was formed in 2006 and is headquartered in Sacramento, California.

Buy -

Seller(S) 1

SELLER

Protective Life

Birmingham, Alabama, United States
Category Company
Founded 1907
Sector Insurance
Employees2,402
Revenue 4.0B USD (2013)
DESCRIPTION
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.

Protective Life Corporation provides financial services in the United States. The Company is engaged in the production, distribution, and administration of insurance and investment products. Protective Life Corp. was formed in 1907 and is headquartered in Birmingham, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 ShelterPoint Life

Garden City, New York, United States

short-term Life engages in the short-term disability market and is a provider of ancillary employee benefits through a network of over 6,000 agents and brokers, insuring more than 150,000 businesses and 1.4 million lives with licenses in 48 states and territories. ShelterPoint Life was founded in 1972 and is based in Garden City, New York.

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