NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Delaware-domiciled Jacobs Financial Group, Inc. (the “Company” or “JFGI”), a contract and coal reclamation surety bond program specialist, has secured financing through a private placement from an undisclosed investor. Proceeds from the Offering will be used to fund various growth initiatives and the implementation of strong infrastructure to assist JFGI in increasing their overall presence in their niche business.
Stonybrook Capital, LLC served as the Company’s Exclusive Financial Advisor in connection with the capital raise.
John Jacobs, CEO, JFGI, commented:
“Stonybrook Capital continues to expand its advisory services with us. Their know-how has touched every aspect of our business, and their cutting-edge expertise has advanced the acceleration of our growth. Stonybrook has become an indispensable resource of knowledge and access within the (re)insurance world for all of JFGI’s companies.”
Paul Dzielinski, Partner, Stonybrook, commented:
“JFGI’s insurance balance sheet subsidiary, First Surety Corp., has been a long-standing reinsurance client of Stonybrook. With Stonybrook’s support, First Surety achieved several key milestones, including establishing a new partnership with Knight Group and entering the trade credit reinsurance market. To sustain this momentum, First Surety recognized the need to invest in technology and infrastructure to drive further growth, and this financing marks a significant step in that direction.”
About Stonybrook Capital & Risk Management Stonybrook Capital is a global investment banking and reinsurance broking firm, headquartered in New York City, that focuses exclusively on the insurance and reinsurance industry. Stonybrook was founded in 2012 and was ranked #2 behind Goldman Sachs in the S&P advisory league tables for 2022.
Please see case study here
Corporate contact:
Kendel Bell
[email protected]
Securities transactions are executed through Weild & Co., member FINRA | SIPC