Foresters Acquires First Investors Consolidated Corp.

January 28, 2011

On January 20, 2011, life insurance provider Foresters announced that it had acquired a 100% ownership interest in First Investors Consolidated Corporation and its U.S. asset management and life insurance operations.


On January 20, 2011, Foresters, a Canadian life insurance provider, announced the completion of its acquisition of First Investors Consolidated Corporation and its U.S. asset management and life insurance businesses.  Based in New York, First Investors is a private diversified financial services firm which provides middle market investment management and life insurance services and has approximately $7 billion in assets under management.  The transaction closed on January 19, 2011.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions