Hallmark Completes Acquisition of Aerospace Holdings, LLC

DALLAS, Jan. 3 /PRNewswire-FirstCall/ — Hallmark Financial Services, Inc. today announced the completion of its previously disclosed acquisition of Aerospace Holdings, LLC. Aerospace Holdings, through Aerospace Insurance Managers, Inc. and other wholly-owned subsidiaries, markets and services general aviation property and casualty insurance products, with a particular emphasis on private and small commercial aircraft. Curtis Donnell, the founder and principal officer of Aerospace Holdings, has been retained to continue managing the operations of the acquired enterprise.Hallmark funded the acquisition of Aerospace Holdings through a $12.5 million interim financing facility from Newcastle Partners, L.P., an affiliate of Hallmark’s Chairman and Chief Executive Officer, Mark E. Schwarz…..

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