Krause Brokerage Services Acquires LTC Solutions
Innovative Move Helps More American Seniors Plan for a Thriving Future
July 29, 2021
De Pere, Wisconsin— Krause Brokerage Services has acquired LTC Solutions, a leading and nationally licensed long-term care specialty firm in Cape Coral, Florida.
With aligned values and reputations for high-quality service, Krause and LTC Solutions will jointly offer stewardship, education and support to help more American seniors as they plan for their long-term care needs. The strategic partnership is structured to keep LTC Solutions and its staff as a distinct product line of Krause. LTC Solutions will continue working with its current independent agents, brokers and other organizations to increase awareness for long-term care planning.
“I couldn’t be happier with the acquisition and the opportunity to work with the staff at Krause Brokerage Services,” said LTC Solutions Founder George Mellendorf. “Krause has joined forces with a well-established, profitable company while planning to maintain its current management, staff and leadership. Then, after seeding some additional human resources and financial capital into the new acquisition, we can watch it grow together.”
The acquisition will enable Krause and its clients to leverage and learn from the 40 years of experience that Mr. Mellendorf and his organization have in the long-term care industry. The Krause team will benefit from additional support, skill and expertise to help more clients develop long-term care plans for seniors and mitigate the need for crisis planning.
“I am thrilled to make a significant push into the LTCI space with this acquisition,” said Krause Vice President of Sales and Marketing Thomas Krause, J.D. “This innovative partnership allows us to provide our attorney and agent networks with a pre-planning solution their clients are actively seeking. It also helps us move closer to our objective of becoming the leading provider of elder care insurance products in the country.”
“LTC Solutions has a strong reputation for their expertise in long-term care planning and a strong history of success. The staff at Krause has the utmost respect and admiration for George Mellendorf and his organization, and we’re excited to leverage their expertise within our company,” said Krause National LTCI Director Lori Gubash, who is leading the acquisition team and will be working closely with Mr. Mellendorf on the integration plan.
Krause specializes in Medicaid Compliant Annuities and other insurance products used in long-term care planning. Serving as an umbrella organization for leading elder care planning entities, Krause Brokerage Services is a parent company to Krause Financial Services, a firm that primarily works with elder law attorneys and legal professionals, and The Krause Agency, which works with insurance agents and financial professionals in the senior care industry.
Krause Brokerage Services was represented in its acquisition of LTC Solutions by outside counsel Honigman LLP and financial advisor Mercer Capital. For additional information about the acquisition, please contact Krause Brokerage Services online at medicaidannuity.com.