PSC Insurance Group Limited (ASX:PSI) acquired National Franchise Insurance Brokers for AUD 1.2 million on July 1, 2017. Under the terms of the transaction, PSC Insurance Group will pay AUD 0.2 million upfront payment and remaining amount in quarterly installments to be paid over a 12 month period based on the revenue received. The upfront payment has been paid on the same day. Alexander Samson and Samantha O'Brien from DLA Piper acted as legal advisor to PSC Insurance Group Limited. PSC Insurance Group Limited (ASX:PSI) completed the acquisition of National Franchise Insurance Brokers for AUD 1.2 million on July 1, 2017. As per the disclosure dated August 23, 2017, the total consideration consisted of AUD 0.18 million and deferred consideration of AUD 0.98 million.