NEW YORK -- Hales & Company Inc. today announced that its management team, led by Robert Seda and John Kraska, has acquired Hales & Company Inc. from a subsidiary of Arch Capital Group Ltd. Terms of the transaction were not disclosed.

Hales & Company, founded in 1973, is one of the oldest and most respected investment banking firms specializing in merger, acquisition and valuation advice for insurance agents and brokers throughout the United States. Arch acquired Hales in December 2000. Since that time, Arch has raised in excess of $1 billion in capital and is now a ...

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