Affiliated Mortgage Protection

Transaction Details


Affiliated Mortgage Protection


Clark, NJ




Transaction Type:

M&A Advisory

Close Date:

RICHMOND, VA – July 19, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Affiliated Mortgage Protection, a leading independent insurance agency based in Clark, NJ that specializes in the sale of mortgage protection life insurance. Wachovia Bank provided the exclusive financing to support the recapitalization.

The transaction took place in order to facilitate a partner buyout and provide Matt Goldberg, Co-Founder and CEO, with 100% ownership of Affiliated Mortgage Protection. Matt Goldberg remarked, “The consummation of this deal provided liquidity for my partner and will allow me to more aggressively pursue Affiliated’s strategic objectives for the next several years. Matrix explored several private equity initiatives, but at the end of the day, Wachovia offered me the best possible solution by increasing my ownership to 100% without creating any dilution or outside governance.”

According to Michael Morrison, Managing Director and Principal of Matrix Capital Markets Group, “Both operating partners deserve credit for building a market leading insurance business. The Company will continue its success and rapid growth under the sole leadership of Matt Goldberg.”

Affiliated Mortgage Protection is one of the nation’s largest marketers and sellers of mortgage protection life insurance issued through top insurance carriers such as Old Mutual plc and Mutual of Omaha.

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