Chesapeake Brokerage, LLC
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Chesapeake Brokerage, LLC - overview
Established
2011
Location
-, DE, US
Primary Industry
Financial Services
About
Chesapeake Brokerage specializes in financial services, providing clients with variable life insurance, annuities, and retirement planning solutions aimed at ensuring a secure financial future while addressing tax implications of retirement income. Chesapeake Brokerage, LLC, founded in 2011 and headquartered in the US, focuses on financial services. The company has completed one deal, with its most recent transaction occurring on July 12, 2022, when it was acquired by Simplicity Financial Marketing Holdings Inc. , a firm backed by Aquiline Capital Partners and Lee Equity Partners.
Chesapeake Brokerage operates within the financial services sector, offering products such as variable life insurance, annuities, and comprehensive retirement planning solutions. Their offerings cater to individual investors and financial advisors, focusing on regions with a significant population of retirees, particularly in the United States. The company enhances its services through strategic partnerships with industry leaders, including Simplicity Wealth and The Leaders Group. Chesapeake Brokerage generates revenue through B2B transactions by partnering with financial advisors who utilize its products for client portfolios.
Advisors receive commissions based on sales of products like variable life insurance and annuities. The pricing structures are aligned with industry standards, aimed at meeting the diverse needs of financial advisory firms and their clients, reinforcing Chesapeake’s position in the retirement planning and wealth management sector. Following its acquisition on July 12, 2022, Chesapeake Brokerage plans to expand its product offerings, particularly in annuity products, and enhance its marketing, sales, and back-office support. The acquisition is expected to empower the firm in key areas, with a focus on introducing new products and expanding into additional geographic markets.
Specific plans for market expansion have not been disclosed, but the utilization of acquisition resources will support these initiatives.
Current Investors
Simplicity Financial Marketing Holdings Inc.
Primary Industry
Financial Services
Sub Industries
Brokerages
Website
www.chesapeakebrokerage.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Chesapeake Brokerage, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Chesapeake Brokerage, LLC | - |
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