In November 2006, Premium Financial Specialists, Inc. (“PFS”) of Kansas City, Missouri, completed the acquisition of the assets of Capitol Payment Plan, Inc. (“Capitol”) of Albany, NY. Terms of the transaction were not disclosed.
Capitol is a leader in financing non-standard automobile insurance policies in New York State through the state’s assigned risk plan. PFS is one of the largest insurance premium finance companies in the United States.
Colonnade Advisors LLC served as exclusive financial advisor to Capitol Payment Plan.