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Announced

Completed

Simplicity completed the acquisition of Fidelity Financial Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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insurance distribution

United States

Majority

Friendly

Single Bidder

Private

Life Insurance

Acquisition

Completed

Synopsis

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Simplicity, a financial products distribution firm, completed the acquisition of Fidelity Financial Group, an independent insurance distribution company. Financial terms were not disclosed. "We are delighted to have Terry, Reid and their team as part of the growing Simplicity platform. FFG has been a leader in providing financial professionals with top-tier products and business support in the independent wholesaling space," Bruce Donaldson, Simplicity's President and Chief Executive Officer.

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