FG Financial Group announced the expansion of its growth strategy through the formation of a merchant banking division. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group Chairman Kyle Cerminara, CEO Larry Swets, Jr., and CFO Hassan Baqar have demonstrated proven success organizing or sponsoring fundamentally strong businesses and creating new structures across multiple industries and stages of growth.

FG Financial Group Chairman and Fundamental Global CEO Kyle Cerminara commented, “Developing extraordinary businesses and framing value-creating structures are fundamental elements of our team’s expertise. Whether it be sponsoring SPACs - where we’ve successfully closed on two profitable targets - reverse mergers, or sponsoring startups, we have demonstrated an aptitude in productive collaborations with companies at all points in their lifespans.”

Continued Cerminara, “By formalizing our merchant banking capabilities, we are excited to expand our addressable market across a larger universe of opportunities.”

FG Financial Group CEO Larry Swets, Jr. added, “Evolving our strategy to encompass merchant banking is a natural progression which builds upon our initial success with our reinsurance and SPAC businesses and fortifies our strategy of leveraging the team’s proven experience running, sponsoring and creating innovative structures for growing businesses. Given our deep relationships and exposure to multiple industries, we see many companies in need of merchant banking services and this new division will offer us enhanced flexibility to capitalize on asymmetric risk/reward opportunities.”