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LTC Global Acquires NorthCoast Brokerage and Expands Capitas Relationship
February 25, 2021 GMT
FORT MYERS, Fla.--(BUSINESS WIRE)--Feb 25, 2021--
LTC Global, Inc. announced today that it has acquired North Coast Brokerage Agency, Inc. (NorthCoast). NorthCoast is a Capitas Financial partner and has offices in Cleveland, Ohio, and Erie, Pennsylvania. Bill Davis, Jr., co-founder of NorthCoast, will continue to manage the business. Bob Oglevee, NorthCoast’s other founder, is retiring to spend more time with his family.
“Bill and Bob have built a successful, multi-state agency and played critical roles in the formation and growth of Capitas. NorthCoast’s Capitas sales territories are adjacent to the Michigan and New York and New England territories serviced by LTC Global’s other Capitas agencies. We will continue to integrate our marketing approach among the agencies to enhance our service platform to our Capitas clients, and we look forward to supporting NorthCoast’s sales operations with advanced markets expertise and case design,” said Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “We are grateful for Bob’s contributions to NorthCoast and his support throughout the acquisition process and wish him well in his retirement.”