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Crump Group acquires insurance intermediary SFA

IBR Staff Writer Published 20 May 2011

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.