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Industry Spotlight > Mergers and Acquisitions

WFG Acquires Insurance M&A Firm

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NU Online News Service, July 10, 5:05 p.m. – WGF Capital Advisors L.P., Harrisburg, Pa., an investment banking firm, has acquired Capital Financial Services Inc., Mechanicsburg, Pa., a company that specializes in insurance industry mergers and acquisitions.

Capital Financial will operate as the Insurance Services Division of WFG Capital Advisors, the companies say.

Steven Wevodau, president of Capital Financial, will become a principal of WFG and also act as the managing director of the Insurance Services Division.

Robert Lieblein, managing principal of WFG, will run the combined company.