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For Immediate Release

Hales & Company Announces Three New Partners

New York, NY — March 11, 2008 — Hales & Company, Inc. (“Hales”), a leading investment banking and advisory firm specializing in the insurance industry, has announced that Louis Caltavuturo, Michael J. Fletcher and Allan P. Keller have been promoted to Partner at Hales.

According to John Kraska, Managing Partner, “The promotions of Lou, Mike and Allan are in recognition of the significant contributions that they have made to Hales in becoming the leading firm in mergers & acquisitions in the insurance industry.” Bob Seda, Managing Partner, further stated, “As a firm, we believe that the skills and experience that they bring to our clients are unmatched in the industry and further sets us apart from others in the industry and clearly creates a competitive advantage for Hales.”

Lou Caltavuturo, based in New York, joined Hales in 2004 and has 15 years of experience as a banker in both the mergers & acquisitions and capital raising arenas for insurance and financial services-related companies. Over the past decade, he's held positions at Deutsche Bank and Fox-Pitt, Kelton and was also a central banker with the Federal Reserve Bank of New York. Lou graduated from Colgate University with concentrations in Economics and International Relations and earned an MBA from Columbia Business School.

Mike Fletcher, based in New York, joined Hales in 2004 and has 10 years of experience in corporate finance and mergers & acquisitions. Prior to joining Hales, he was a vice president with Deloitte & Touche Corporate Finance, focusing on insurance company mergers & acquisitions. Mike graduated magna cum laude from Boston University with a degree in Economics and earned an MBA from Babson College.

Allan Keller, based in Southern California, joined Hales in 2005 and has over 25 years of experience in the insurance industry. Allan's background includes mergers & acquisitions, finance, operations and other senior leadership positions in a variety of insurance-related entities. Allan graduated with a BSBA and an MBA, both from the University of Denver.

About Hales & Company

Founded in 1972, Hales is the leading firm providing mergers & acquisitions, strategic consulting and corporate finance advice to insurance brokers, insurance companies and related financial services businesses. Hales has offices in New York, San Francisco, Chicago, Seattle, Southern California, Harrisburg, Washington and Hartford. Over the past four years, Hales has completed more than 80 transactions worth in excess of $1.8 billion.

John Kraska, Managing Partner
(P) 212.592.5700
jkraska@halesgroup.com

Robert Lieblein, Managing Partner
(P) 717.541.9300
rlieblein@halesgroup.com

Dennis Poggenburg, Managing Partner
(P) 415.461.0505
dpoggenburg@halesgroup.com

Bob Seda, Managing Partner
(P) 206.236.6153
rseda@halesgroup.com

 

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