Fort Myers insurance firm expands with Pittsburgh acquisition

LTC Global, which provides capital to the insurance industry, has acquired Pittsburgh Brokerage Services Inc., a life and health insurance brokerage serving brokers and clients throughout Pennsylvania, West Virginia and Eastern Ohio.

Financial terms of the deal weren't disclosed but Thomas Hall, who founded PBS more than 35 years ago, will continue to manage the business under Fort Myers-based LTC Global, according to a statement.

PBS is a Capitas Financial Inc. partner. It joins other Capitas Financial member agencies already a part of the LTC Global group: Pacific Southwest Financial and Insurance Services Inc., Smith Cos., and NorthCoast Brokerage Agency Inc. Hall is one of the original founding partners of Capitas Financial, a member-owned independent brokerage organization that supports firms and financial advisor relationships with "unbiased insurance and wealth management planning solutions," the release states.