John Hamilton, president and CEO of Financial Horizons Inc., and Ken Mossing, president of Performance Financial Services Inc., an MGA in Saskatchewan, have announced they have signed a letter of intent to have Performance Financial Services Inc. join forces with Financial Horizons Inc.
The transaction involves the purchase of 100% of the shares of Performance Financial Services Inc. by Financial Horizons Inc. in exchange for cash and shares in Financial Horizons Groups’ parent company, Granite Global Solutions. The transaction is expected to close in October of 2014.
The management team, office and staff of Performance Financial Services Inc. will remain unchanged. On a day-to-day basis, it will be business as usual for advisors and clients of Performance Financial. For the immediate future, Performance Financial will continue to operate under the Performance Financial brand.