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Northlane Capital-backed Choice Financial completed the acquisition of Parker Reigle Insurance Agency.

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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United States

Acquisition

Cross Border

Friendly

Completed

insurance agency

Insurance Brokers

Private

Single Bidder

Majority

Private Equity

Synopsis

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Northlane Capital-backed Choice Financial, an insurance agency, completed the acquisition of Parker Reigle Insurance Agency, an insurance agency. Financial terms were not disclosed. "We are incredibly happy to join with Choice because of the scope of resources and support that they offer while still allowing us to deliver the degree of care our clients have valued. They provide a contemporary and genuine partnership, and we felt that they understood our business goals, so it just made sense," June Reigle, Parker Reigle Founder.

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