Integrity Marketing Group has acquired insurance marketing organisation The Brokerage Resource, which is headquartered in North Carolina.
The financial terms of the transaction were not disclosed.
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The Brokerage Resource, which was founded by Sam Corey Jr. in 1992, is known as a Medicare plan distributor.
Apex, North Carolina based firm also distributes a wide array of other life, health and annuity products, from many different insurance carriers.
AS per the agreement, The Brokerage Resource president Sam Corey, III, will become an owner in Integrity as part of the acquisition.
Integrity co-founder and CEO Bryan Adams said: “Across four generations, the Corey family has made a significant impact in the insurance industry, and we are honored to have been chosen as the platform of choice to help The Brokerage Resource’s next phase of growth.
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By GlobalData“Integrity is excited to continue partnering with great companies such as The Brokerage Resource, enabling us to expand our footprint to serve more consumers who need our services now more than ever.”
The Brokerage Resource founder Sam Corey Jr. said: “In times like these, being part of a strong partnership with diversity and scale is more important than ever before. By joining Integrity, you’re able to diversify and grow at a faster rate with more resources behind you.
Following the transaction, The Brokerage Resource intends to retain its focus on strengthening the agent network spanning across the 50 US states.
In addition, all employees of the company will be eligible for its ownership through Integrity’s Employee Ownership Plan.
