Brickell L&A Holdings (Brickell Insurance Group / 777 Partners) to Acquire First Trinity Financial Corporation

Brickell L&A Holdings LLC, a portfolio company of the Brickell Insurance Group and an affiliate of PE firm 777 Partners, has entered into a definitive agreement to acquire Tulsa-based First Trinity Financial Corporation. The deal values First Trinity at 1.17x GAAP shareholders' equity at closing (excluding AOCI), is expected to close in Q4 2023 subject to regulatory and shareholder approvals, and will keep First Trinity operating from its Tulsa headquarters under existing management and employees.