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Announced

Completed

F&G completed the acquisition of a 30% stake in Freedom Equity Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Acquisition

United States

Friendly

reinsurance brokerage

Completed

Minority

insurance agency

Insurance Brokers

Single Bidder

Synopsis

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F&G, an insurance brokerage firm, completed the acquisition of a 30% stake in Freedom Equity Group, an insurance services provider. Financial terms were not disclosed. "F&G has a long history with FEG, and they have been an integral part of our life growth in recent years. This partnership will help address the risk and retirement needs of a vastly underserved market reaching more communities while creating additional opportunities for individuals to build their own businesses as agents," John Phelps, F&G EVP and Chief Distribution Officer.

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