IE Staff
(November 3 – 09:30 ET) – Equisure Financial Network Inc. is pleased to announce the completion of the previously announced sale of Balanced Planning Financial Group to BRM Capital Corporation. The final purchase price received by Equisure was approximately $21.2 million. This translates to a pre-tax gain on the disposal of Balanced Planning of approximately $11.2 million.
Balanced Planning Financial Group was acquired by Equisure Financial in March of 1997 to assist in the development of life insurance, mutual funds and related services for Equisure’s general insurance clients.
Equisure has now begun to independently deploy these services throughout its general insurance offices.
-IE Staff
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