WebBank Acquires National Partners PFco
December 4, 2018
WebBank has agreed to acquire National Partners PFco, a Denver-based premium finance company and subsidiary of MLF Financial Group, in a deal expected to close in early 2019 pending regulatory approval. The acquisition gives WebBank its first entry into insurance premium finance, expanding its product capabilities and access to independent insurance agents, while National Partners will remain operationally in place as a WebBank subsidiary.
- Buyers
- WebBank
- Targets
- National Partners PFco
- Sellers
- MLF Financial Group
- Industry
- Financial Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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