SLC's Associated Insurance Services to merge with Allied Solutions LLC

Allied Solutions LLC, a leading provider of financial products to financial institutions, last week announced plans to merge with Salt Lake City-based Associated Insurance Services Inc.

Associated Insurance Services Inc. (AIS) has been marketing to financial institutions in Utah, Idaho, Wyoming,

AIS owner Dan Woodhead said his firm decided to join Allied Solutions because AIS " was looking for a partner that would enhance its current role in the marketplace, and Allied Solutions is that partner. Their management team is comprised of people I knew and trusted. In addition, Allied works with many of the same insurance companies that AIS utilized. And when you look at the geographical presence of AIS and how that presence would enhance Allied's position in the marketplace, it became even more apparent that the merger just made sense. By joining such a large and progressive organization like Allied, we will not only raise the level of service we can deliver to our clients, but we will also have access to a much wider variety of solutions."

Allied Solutions president Chris Hilger stated, "We identified certain areas of the western United States where Allied had an opportunity to increase its presence. After getting to know Dan and some of his staff at AIS, we realized that they had developed a great group of clients in areas which Allied Solutions had traditionally not had a strong presence. The merger made even more sense when we learned Dan's business philosophy and commitment to the industry were the same as ours. This merger will allow Allied Solutions to enhance its position and national presence as a leader in the financial services industry. The merger will also allow us to leverage existing technology, marketing, and management resources to deliver high quality products and services to our clients throughout the country."

As part of the transaction, Dan Woodhead will become a partner in Allied Solutions LLC and serve on the executive advisory committee. In addition, Allied Solutions will employ all current AIS employees and maintain an office in Salt Lake City. With the addition of the AIS clients, Allied Solutions provides financial services to more than 1,650 financial institutions nationwide.

Allied Solutions' diverse product line includes accidental death and dismemberment insurance, balloon note financing, bond and property package insurance, credit life insurande, checking enhancement programs, courtesy overdraft checking programs, guaranteed auto protection, health and wellness benefits packages, indirect lending, long term care insurance, mechanical breakdown protection, and various mortgage protection products. The firm maintains dual headquarters in Carmel, Indiana, and Plano, Texas.