Crump Group, a New Jersey-based wholesale insurance broker, has acquired Self Funded Alternatives(SFA), a insurance intermediary based in Pennsylvania.
The acquisition of SFA will allow the Crump Group to introduce a new product line to their existing portfolio.
SFA is an insurance intermediary specializing in the development, placement, and maintenance of self-insured workers’ compensation programs for individual and group risks in the public and private sectors with office in Pennsylvania, Nevada, and Montana.
Crump Group is a insurance wholesaler and retirement solutions provider with its three operating divisions: retirement services, life insurance services, and property and casualty insurance services.
Sun Mergers & Acquisitions (Sun M&A) initiated this transaction, acted as exclusive financial advisor, and negotiated the transaction on behalf of SFA.