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NEW YORK, NY / ACCESSWIRE / September 23, 2022 / Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading consortium of independent, wealth management firms, announced today that it has entered into a definitive agreement that Company Profile Alpha Property & Casualty, Inc. (“Alpha” or “Alpha Insurance Group”), an insurance agency licensed in Westlake, Ohio, has joined Focus Partner. However Holdings Group, LLC (“Ancora”). The project is expected to close in the fourth quarter of 2022, subject to customary closing conditions. This will be Ancora’s first acquisition since joining Focus as a partner in October 2021.
Founded in 1999, Alpha Insurance Group is a private insurance company that provides a range of property and casualty and health insurance solutions through its relationships with leading corporate carriers. Alpha’s principals, Brian Spear, Kevin Neitzel and Kevin O’Brien, each have over 20 years of experience working with individual and commercial clients in Ohio and throughout the United States.
“Alpha Insurance Group is a leading provider of insurance services, and we are pleased to have them join our team, expanding our service to meet the needs of our clients,” said Fred DiSanto, Chairman & CEO of Ancora. “Their deep expertise in a variety of insurance solutions will enhance the integrated capabilities we can offer within Ancora as we continue to build a company that attracts new clients and leading advisors.”
“Our goal has always been to provide the best service and products to our customers, while always keeping an eye on their long-term needs,” said Brian Spear, Principal at Alpha Insurance Group. “Merging with Ancora will enhance the capabilities we can offer our customers and provide additional opportunities for our business.”
“We are delighted that Alpha Insurance Group will join Ancora in our 17-member groupTh connect with 22and Next year to date,” said Rudy Adolf, Founder, CEO and Chairman of Focus. “This project will expand the capabilities that Ancora can offer to its customers as part of the overall offering. Having the ability to provide internal expertise in a variety of systems is essential to meeting customer needs in a consistent manner. The addition of Alpha further strengthens Ancora’s position as a leading asset manager and as an attractive M&A platform for the future.
This transaction is an excellent example of our M&A strengths beyond the traditional US RIA space. It demonstrates our expertise in research and integration in highly specialized areas, which enables our partners to continue to improve the services they offer to meet the needs of their clients.”
Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading alliance of independent, commercial real estate companies. Focus provides access to the best strategies, support, and ongoing planning for the associated companies that serve individuals, families, employers and organizations with wealth management services. Partner companies retain their independence, while benefiting from the synergies, scale, economics and best practices offered by Focus to achieve their business goals. For more information on Focus, please visit www.focusfinancialpartners.com.
More about Ancora Holdings Group, LLC
Ancora Holdings Group, LLC provides integrated financial advisory, wealth management and retirement planning services to individuals and organizations in the United States. All of the company’s offerings are supported by a dedicated team with the skills and structure of a large organization with the passion and flexibility of the retail industry. For more information about Ancora, please visit https://ancora.net.
A Cautionary Note Regarding Forward-Looking
This release contains forward-looking statements that reflect Focus’ current and future plans. These forward-looking statements are based on a number of risks, uncertainties and factors related to Focus’ operations and business areas, including the impact of the conflict in Ukraine, which could cause future events to differ materially from these. words or anything that is given there. Any forward-looking statements in this release are based on information available to Focus as of the date of release. Focus does not intend to publicly update or update its forward-looking statements even if past experience or future changes indicate that any of the statements contained therein may not materialize. More information about the risks affecting Focus can be found in Focus’s filings with the Securities and Exchange Commission.
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source: Focus Financial Partners