June 14, 2002 – Hylant Group acquires Indianapolis based Conseco Risk Management
|For more Information Contact:
Erica Brush, Marketing Coordinator
The Hylant Group
|Kevin W. Smith, Director
Mystic Capital Advisors Group, LLC
|INSURANCE Hylant Group Expands to Indianapolis and Bloomington
With Acquisition of Conseco Risk Management
|(TOLEDO, OH 🙂 – The Hylant Group expands its operations to Central Indiana with the acquisition of Conseco Risk Management (CRM). W. Michael Wells will serve as President and CEO of Hylant of Indianapolis LLC, a Hylant Group company. With this acquisition, the Hylant Group becomes the largest privately owned independent insurance agent/broker in Indiana.
Wells, who previously served as the President and CEO of CRM, said, “We are truly excited to become part of the Hylant Group. The long-term stability of the organization and its proven commitment to locally focused, personal service will provide us with the resources needed to best serve our clients.”
Commenting on the acquisition, Patrick R. Hylant, Chairman and CEO of the Hylant Group, said, “We are excited about our new operations in Indiana and our growth plans continue to be aggressive. This acquisition is part of our strategy to be ranked as one of the top 25 insurance agencies by the year 2004. I am proud of our track record of profitable growth and most importantly, I am proud of the Hylant team that has made all of this possible.”
The Hylant Group is a 67-year old, privately-held insurance agency offering complete risk management services, insurance, 401(k) services, asset management, title insurance, financial services, health care management, retirement planning and employee benefits for businesses and individuals around the world. In addition to the Bloomington and Indianapolis offices, the firm has offices in Fort Wayne, Indiana; Toledo, Columbus, Cincinnati and Cleveland, Ohio; as well as Ann Arbor and Detroit, Michigan. Hylant is also a member of the Worldwide Broker Network. Prior to the CRM acquisition, the Hylant Group ranked 38th in size out of more than 12,000 insurance agencies nationwide.
Mystic Capital Advisors Group, LLC advised Hylant in the acquisition. For more information on Mystic Capital, please contact Kevin Smith at 704-366-2153 or visit www.mysticcapital.com