Clark Benson Inc.’s estate planning unit has bought a minority stake in the insurance and broker-dealer businesses of the ValMark Group Inc.
Under the agreement, Clark Consulting Inc., Barrington, Ill., will pay $2.5 million, $1.5 million of it in cash and the remaining $1 million in Clark common stock, for a 10% membership interest in ValMark, Akron, Ohio. The acquisition will not include ValMark’s renewal income.