Foundation Financial Group Inks Major Acquisition

PR Newswire Association LLC

JACKSONVILLE, Fla., Jan. 31, 2012 /PRNewswire/ -- Foundation Financial Group's insurance division has acquired B&R Insurance, securing its Florida customers who have personal and commercial insurance policies. The acquisition means that B&R Insurance customers will now have access to Foundation Financial Group's wide array of additional financial products and services such as mortgage lending, life insurance, retirement services, personal taxes and corporate tax services. Financial terms of the acquisition were not disclosed.

"Foundation Financial Group's growth strategy is best described as organic," said Subsidiaries COO David Gueterman. "When you offer customers quick turnaround times, competitive pricing with stellar service and hire the best employees, growth naturally occurs. Our growth strategy also includes acquiring great companies like B&R Insurance, who are a natural fit for Foundation Financial Group because they share our deep commitment to customer service and complement our existing financial services."

About Foundation Financial Group

Foundation Financial Group, one of the nation's fastest-growing financial services companies, specializes in mortgage lending, refinancing, property and casualty insurance, life insurance, retirement services, personal taxes and corporate tax services. Foundation Financial Group operates seven regional centers in Atlanta; Charlotte, N.C.; Dallas; Jacksonville, Fla.; Raleigh, N.C.; Rochester, N.Y.; and Savannah, Ga., as well as a branch network of retail storefronts in Dayton, Ohio; Indianapolis; Kansas City, Mo.; Toledo, Ohio; and St. Paul, Minn.Foundation Financial Group offers mortgage refinancing and home lending through traditional financing, as well as Federal Housing Administration and other government-backed home loan programs. Foundation Financial Group earned an A+ rating from the Better Business Bureau, the highest accreditation the BBB gives and an industry-leading Federal Housing Administration compare ratio. For more information about Foundation Financial Group, call 866-334-1001.