
Generational Group Advises Pace Insurance Managers in Sale to Security Service Federal Credit Union
By Generational Group
04/19/2021
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of Pace Insurance Managers, Inc. to Security Service Federal Credit Union. The acquisition closed February 8, 2021.
Pace Insurance Managers (Pace), located in Springhill, Louisiana, is a full-service insurance agency providing multiple types of coverage to the forest products industry for over 62 years. They are also experienced in helping clients decide what insurance is best for their personal and commercial needs. The Company’s agents possess leading credentials and are dedicated to helping each client find the perfect policy. Pace is committed to quality customer service and exceeding expectations.
Located in San Antonio, Texas, Security Service Federal Credit Union (SSFCU) was founded in 1956 and has over $9.5 billion in assets, over 770K members, and 66 branches. The credit union has built a reputation of strength, stability, and convenience by offering its members financial soundness, convenient hours of service and competitive financial products and services. The primary goals at SSFCU are to meet its members’ financial needs and help them improve their financial situations. The Company believes in empowering its members with the knowledge to make strong financial decisions.
Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Managing Director, M&A, Luan Ly, successfully closed the transaction. Senior Managing Director DeWayne Nelon established the initial relationship with Pace.
“This was an ideal transaction that truly satisfied the objectives of both sides. There are tremendous opportunities that lie ahead, and I wish both parties my very best,” said Ly.
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.