Sierra Financial Holdings Closes Acquisition of Preferred Security Life Insurance Company
HOUSTON, April 07, 2025 — Sierra Financial Holdings, LLC (Sierra) today announced the successful completion of its acquisition of Preferred Security Life Insurance Company (PSLIC), a Texas-domiciled life insurance carrier. The acquisition marks a significant expansion of Sierra’s financial services platform, particularly in the life insurance sector.
John Sexton, Managing Partner of Sierra Financial Holdings, expressed enthusiasm about the acquisition, stating, “PSLIC is a superb life insurance carrier that perfectly aligns with Sierra’s strategic plan. The company provides ideal synergies with our other portfolio companies, and we look forward to integrating PSLIC into Sierra’s family of financial services organizations.” Craig Haack, another Managing Partner, highlighted the benefits of the acquisition, noting that it enhances their growing financial services platform and caters to the increasing interest in the mortgage industry to partner with life insurance companies for residential whole loans.
Charles Ferdin, Managing Partner and a Latino himself, emphasized the cultural significance of the acquisition, saying, “As a Latino, I believe it’s critical to offer financial protection and security to Latino families. PSLIC’s life insurance platform, combined with our unique distribution strategy, perfectly complements our wide array of mortgage loan and other financial service products. This acquisition will further expand our reach into the growing Latino market.”
Sierra Financial Holdings is a privately held company based in Houston, Texas, focused on the financial services industry since 2010. The company operates a family of independent financial services organizations catering primarily to the Latino market. These include Sierra Mortgage Capital, LLC, a nationwide closed loan mortgage conduit; Sierra Lending Group, LLC, a retail residential mortgage originator in Texas; Sierra Lending Corporation, a California-based retail residential mortgage originator; and Sierra Insurance Services, LLC, a Houston-based insurance agency specializing in life insurance products for the Latino community.
Preferred Security Life Insurance Company, founded in 1994, is a Texas-domiciled stipulated premium life insurance carrier with operational headquarters in Colorado Springs, Colorado. The acquisition of PSLIC by Sierra Financial Holdings represents a strategic move to diversify and strengthen their financial services offerings, particularly in the life insurance sector.
For more information about Sierra Financial Holdings and its subsidiaries, please visit their website at www.SierraFinancialHoldings.com or contact them at [email protected].
