For Immediate Release
Contact:
Bob Seda
Hales & Company
206-236-6153
rseda@halesgroup.com
Hales Announces Acquisition of WFG Capital Advisors LP
New York, NY and Harrisburg, PA, July 10, 2007 - Hales & Company,
Inc. (“Hales”), an investment banking firm specializing in the
insurance industry, today announced the acquisition of WFG Capital
Advisors LP (“WFG”).
Founded in 1973, Hales is one of the oldest firms providing mergers
and acquisitions and corporate finance advice to insurance agents,
brokers, insurance companies, and related financial services businesses.
Since 2005, the firm has completed over $1.0 billion of transactions in
the insurance industry. WFG, founded in 1996, is a nationally
recognized financial advisory firm focused on mergers and acquisitions
and strategic consulting for the insurance industry. Both firms, as
measured by number of announced transactions, have ranked consistently
among the leading insurance mergers and acquisitions advisors in the
U.S.
This transaction enables the two organizations to capitalize on their
respective, complementary strengths. The combination of the two firms
creates a premier investment banking and advisory organization with an
enhanced ability to provide clients with a multitude of service
offerings.
Bob Seda, Managing Principal of Hales, stated “I firmly believe that,
with the WFG professionals joining Hales, the depth and breadth of our
people is unmatched in the insurance industry. WFG brings some unique
skill sets that will only enhance our leadership position as advisors to
agents, brokers, and insurance companies. I am delighted to have Rob
Lieblein and the professionals of WFG join our team and look forward to
the great opportunities that we will have together.”
“We have always admired and respected Hales for its reputation and
experience earned as industry leaders,” stated Rob Lieblein, President
and CEO of WFG. “We are very excited about the opportunity to join
forces with an organization that shares the same values, culture, and
mission in delivering unsurpassed industry knowledge and undivided
client dedication in all our dealings. The combination of our two firms
strengthens and enhances our ability to serve our clients.”
About Hales & Company
Hales & Company is one of the oldest and most experienced investment
banking firms specializing in the insurance and financial services
industries. Founded in 1973, the firm has evolved from its traditional
roots in research and consulting to insurance agents and brokers into a
multi-faceted investment banking and advisory organization.
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