2014 readers choice results
Article posted: 11/2/2012 10:02 AM

Crabtree Holdings to acquire MTL Equity Products

text size: AAA
By PRNewswire

Oak Brook-based Crabtree Holdings LLC said it will acquire MTL Holdings Inc. through a stock purchase agreement. Terms of the agreement were not announced.

MTL Equity Products, Inc., a holding company in the Mutual Trust Financial Group, is a securities broker-dealer and investment adviser that has served clients for more than 25 years. Subject to regulatory approval, the transaction is expected to be completed at the end of the year, after which MTL will be renamed Brooklight Place Securities Inc.


"The core business of Mutual Trust is life insurance sold through MTL Insurance Company, and this agreement enables us to sharpen our focus on our life insurance operations," said Steve Batza, FSA, MAA, CLU, CHFC, president and chief executive officer of MTLHI. "We are pleased to be working with Crabtree Holdings in this transaction. Their industry experience and managerial expertise will help ensure continued high-quality support for MTLEP's representatives and their customers."

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar


Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.


Most Commented
Top Jobs

    View all Top Jobs Place a job ad


    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North