We represented Ladenburg Thalmann in its acquisition of Securities Service Network, Inc. (“SSN”), a leading independent broker-dealer, registered investment advisor and insurance agency based in Knoxville, TN.

Under the terms of the acquisition, Ladenburg will pay $45 million, consisting of a $25 million cash payment and $20 million of four-year notes. This transaction is part of Ladenburg’s ongoing strategy to strengthen its position as an industry-leading network of independent brokerage and advisory firms and its market share in the industry.

Ladenburg Thalmann Financial Services, Inc. (NYSE MKT: LTS, LTS PrA) (“Ladenburg”) is a publicly traded diversified financial services company.