MODERN HOLDINGS INCORPORATED, INVESTS $2 15MM IN ACCESS INTERNATIONAL GROUP, LLC
Released on: January 25, 2008, 1:54 pm
Press Release Author: Robert Dineen
Industry: Financial
Press Release Summary: SUMMIT, NJ, Jan 25, 2008: Modern Holdings Incorporated, an investment company based in Summit, NJ, today announced a $2.15 MM investment in Access International Group, LLC ('Access').
Press Release Body: Located in Dallas, TX, Access seeks to identify, roll-up and manage a portfolio of complimentary property & casualty insurance MGA's & wholesalers. Organized as a shared services organization, all future acquisitions will leverage the benefits of a shared platform for marketing, general & administrative services. "Modern Holdings is excited to invest in Access and to gain an entrée within the specialty insurance industry. We are very happy to play a part in Access fully realizing its long term potential", said Henry Guy, President & CEO of Modern Holdings.
With offices in Stockholm and New Jersey, Modern Holdings is an investment company which makes investments in privately held companies, public equities and real estate in the United States and in Europe. In addition to investing capital, the Modern Holdings team invests its experience with a hands-on approach to overseeing and managing investments.
For additional information on Modern Holdings or Access, you may visit the website at www.modernholdings.com , call (908) 378-2864 or e-mail rdineen@modernholdings.com.
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