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.
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say 
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
