Reliance Global Group Announces It Has Acquired Spetner Associates; Projected to Double Company's Revenue; Terms Of The Transaction Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group, Inc. (NASDAQ:RELI) has announced the acquisition of Spetner Associates, a benefits enrollment company serving over 75,000 employees. The acquisition is expected to double Reliance's revenue and drive significant EBITDA growth and shareholder value in 2024. Terms of the transaction were not disclosed.
May 15, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Reliance Global Group's acquisition of Spetner Associates is projected to double the company's revenue and drive significant EBITDA growth and shareholder value in 2024.
The acquisition of Spetner Associates is a strategic move for Reliance Global Group, expected to significantly boost revenue and EBITDA. This positive financial outlook is likely to drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100