Farber Financial Group

Farber Financial Group

September 28, 2010 07:02 ET

Klein Farber Corporate Finance Advises on Equity Sale of Insurance Company Hunter McCorquodale to Jones Brown

TORONTO, ONTARIO--(Marketwire - Sept. 28, 2010) - Klein Farber Corporate Finance Inc., a member of Farber Financial Group, is pleased to announce that recently it represented Hunter McCorquodale Inc., a Toronto-based special risk disability and life insurance provider, in its sale to Jones Brown Inc., a leading national property and casualty insurance broker.

"This deal was completed within a few weeks of us contacting prospective purchasers," said Eric Klein, President of Klein Farber. "Because of the commitment, character and candour of both parties during negotiations, this simply couldn't have gone smoother."

Geoffrey Morphy, Senior Vice President of Klein Farber noted, "Due to succession dynamics, the sellers were looking to plan for the future and they wanted to ensure that Hunter McCorquodale was sold to a company that would continue to grow the business while the buyers were looking for a unique proprietary insurance solution to expand their existing service offerings. We were very pleased that the deal came together so well and that both parties are pleased with the end result."

Ken Hunter and Stephen McCorquodale will remain with the business. Jones Brown has agreed to preserve the name of the firm and the legacy of the founding partners and will retain all jobs. The purchase price is undisclosed. For more information on Jones Brown, please visit: www.jonesbrown.com.

About Farber Financial Group

Farber Financial Group provides a range of specialized financial services including corporate insolvency and restructuring, forensic accounting, fraud investigations, corporate finance, mergers and acquisitions, business valuations, distressed financial advisory services, turnarounds, CFO interim management, profit enhancement and opportunity assessments. A more complete description of these services may be found on our website at www.farberfinancialgroup.com.

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