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Fortegra Financial acquires independent insurance agency PBG

Fortegra Financial, a Florida-based insurance services company, has acquired Pacific Benefits Group Northwest (PBG), a Oregon-based independent insurance agency.

PBG, founded in 1997, markets and sells health, accident, critical illness and life insurance policies to more than 7,000 customers in the US. It has 48 full and part time employees and is licensed as an agent in 42 states.

Fortegra CEO Rick Kahlbaugh said PBG’s outbound call center expertise can add value to all Fortegra business lines and provides Fortegra direct access to end users.

"With its specialized customer relationship management system, outbound sales platform, successful leadership, and ability to sell all Fortegra products, we are confident that PBG is an acquisition that will deliver value to our shareholders," added Kahlbaugh.

Terms of the transaction were not disclosed.