2003 | Press Release

Dec 12, 2003 – 1st Carolina Insurance Associates acquires Jim Mathews Insurance Agency

For more information, contact:
Kevin W. Smith, Director
Mystic Capital Advisors Group, LLC
Charlotte, NC
(704) 366-2153
kwsmith@mysticcapital.com
FOR IMMEDIATE RELEASE
1st CAROLINA INSURANCE ASSOCIATES ACQUIRES
JIM MATHEWS INSURANCE
[December 12, 2003], Charleston, SC; 1st Carolina Insurance Associates (ìFCAî) of
Charleston, SC, a multi-line retail insurance brokerage, announced today the acquisition
of Jim Mathews Insurance of Columbia, SC. The transaction was effective November 1,
and the terms of the deal were not disclosed.
ìWe welcome the addition of Jim Mathews and his associates to our team,î says James
(ìJedî) Suddeth, President of FCA. FCA, which has offices in both Columbia and
Charleston, SC, has offered both commercial and personal lines property and casualty
protection to its customers since 1942.
Mystic Capital Advisors Group, LLC provided advisory services to FCA on the
transaction.

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