Sage Global Solutions Inc., Irvine, Calif., has signed a letter of intent to acquire RJC Insurance Services, a full service commercial lines insurance agency.
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. The acquisition is a significant step toward the company’s goal of becoming a complete financial services institution positioning itself to be a market leader in a quickly growing and unique industry, according to Henry Davidson, CEO of Sage Global Solutions.
“The synergies between RJC and other current and future business channels and operations offer an important competitive advantage,” Davidson said. The acquisition is expected to close by the end of April and is subject to internal due diligence reviews, ratification by the board of directors and certain regulatory approvals.
Topics Mergers & Acquisitions
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