Consumers Financial Corporation announced that it has signed a
contract to purchase Fear & Fear, Inc., an insurance agency with 10 offices located in and around Syracuse, New York. The transaction is valued at $6 million and the closing date is to be set in the next 90 days.
Fear & Fear specializes in automobile insurance and its service area covers most of central and northern New York state. The company currently generates approximately $3 million in earned income from premiums.
Consumers Financial Corporation is a diversified merchant banking and financial services company.
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
NAIC Says Data Taken in Hack Has Been Published Online 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
UK Payments Firm Moved Billions for Risky Clients Before FCA Seizure 
