Capital firm expands to new markets with acquisition

FORT MYERS — LTC Global, which provides capital to the insurance industry,  has acquired the Glenn G. Geiger Co., which specializes in executive benefit solutions for its credit union, bank and corporate clients.

Financial terms of the deal weren’t disclosed. Executives with the Geiger Co., Scott A. Geiger and Daniel W. Geiger, second and third generation company executives, respectively, will continue to manage the Norwalk, Conn.-based business, according to a statement. LTC Global is based in Fort Myers.

“We are fortunate to have the Geigers join us,” LTC Global CEO Daniel Schmedlen Jr. says in the release. “They have driven plan development in the bank and credit union benefits space for the last 67 years, while building a great niche brand.”

LTC Global is provides capital to insurance agents and agencies through commission advance programs and renewal commission purchases. Through its agency subsidiaries, LTC Global is a national distributor of life and health insurance products and the largest independent distributor of Long Term Care insurance.