OAK BROOK, Ill., March 1, 2013 /PRNewswire/ -- Crabtree Holdings, LLC ("Crabtree") today announced that it has closed on its acquisition of MTL Equity Products, Inc. ("MTLEP"), formerly a wholly-owned subsidiary of MTL Holdings, Inc. ("MTLHI"), a holding company within the Mutual Trust Financial Group. As required by the stock purchase agreement the firm is now doing business as Brooklight Place Securities, Inc. ("BPSI")
Charles R. "Bob" Brettell, President of Crabtree Holdings, LLC, stated, "We are happy to have closed this transaction and look forward to growing BPSI into a world-class financial services platform. While great opportunities lay ahead, we will remain ever mindful of and faithful to the needs of our representatives and their customers as we undertake our expansion agenda."
Steve Batza, President and Chief Executive Officer of MTLHI, said, "We are pleased to have worked with Crabtree to accomplish this transaction and continue to believe that their experience and managerial expertise will help ensure high-quality support for BPSI's representatives and their customers."
Brooklight Place Securities, Inc. ("BPSI"), a wholly-owned subsidiary of Crabtree Holdings, LLC, is a securities broker-dealer and investment adviser that has served its valued clients for more than twenty five years. For more information about BPSI, please visit the company's website at www.brooklightplacesecurities.com.
About Crabtree Holdings, LLC
Crabtree Holdings, LLC ("Crabtree") is a Delaware limited liability company formed solely for the purpose of holding BPSI.
MTLHI is a holding company in the Mutual Trust Financial Group.
Charles R. Brettell
Tel: (816) 824-3980
SOURCE Crabtree Holdings, LLC