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New Deal


Announced

Sterling Capital Brokers to merge with Riverview Insurance Solutions.

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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Domestic

life insurance

consulting firm

Pending

Friendly

Majority

Private

Acquisition

Single Bidder

Management Consulting

Merger

Canada

Synopsis

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Sterling Capital Brokers, an independent benefit consulting firm, agreed to merge with Riverview Insurance Solutions, an industry leader in group benefits, life insurance, disability insurance, and critical illness coverage. Financial terms were not disclosed. "This merger comes at a perfect time for Riverview as so many of our clients are looking for innovative products, pricing and servicing solutions while growing their presence nationally and internationally. Sterling's geographical breadth and technology combined with RIS' consulting expertise and servicing protocols will drive tremendous value for RIS' existing client base. We are excited to work together to provide best in class client service and innovative solutions in a ever-changing economic environment," Derrick, RIS President.

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