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Oak Street Funding, OPTIS enter referral partnership

IBR Staff Writer Published 09 May 2012

Oak Street Funding has signed an agreement with OPTIS Partners to provide new funding options to OPTIS clients who require capital to buy, build or sell their agencies.

Under the terms of the referral partnership, Oak Street Funding will enhance business network and build allegiance with members and colleagues by referring agents to a trusted source of operating and growth capital.

Oak Street Funding vice president of business development Joe Castaldi said: "We are happy to be a referral source for OPTIS should its clients have a need for our services."

OPTIS principal Dan Menzer said: "We needed a capital resource to refer our clients in an M&A. We liked Oak Street's business model because they only focus on the insurance industry."

Chicago-based OPTIS Partners provides Fair Market Valuations and Ownership Perpetuation strategies for agencies throughout the country and is also involved with M&A transactions representing both buyers and sellers.