Insurance Add-on Acquisitions in 2020
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December 31, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Owen Moore Insurance Agency, LLC
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired Michigan-based Owen Moore Insurance Agency, LLC (OMA) effective December 31, 2020. OMA, a full-service property and casualty insurance agency, will join THG's Midwest region with Randal (Randy) Moore and his team; THG is a PE-backed insurance brokerage controlled by The Carlyle Group.
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December 31, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Dwayne Wilson Insurance & Financial Services, Inc.
- Seller
- Dwayne Wilson
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired North Carolina-based Dwayne Wilson Insurance & Financial Services, Inc., a full-service life and health insurance agency, effective December 31, 2020 (per the announcement). Dwayne Wilson and his team will join THG's Southeast region as the acquisition strengthens THG's employee benefits practice and regional presence; THG is a Carlyle Group portfolio company.
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December 31, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Bush Insurance Agents & Brokers
- Seller
- Gregg Gordon, Dick Perry
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
World Insurance Associates LLC, a nationally ranked insurance brokerage, acquired Bush Insurance Agents & Brokers of Cambridge Springs, Pennsylvania on December 31, 2020. Terms were not disclosed; Bush Insurance owners Gregg Gordon and Dick Perry agreed the deal will allow the agency to operate at greater scale with World’s products and resources.
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December 23, 2020
- Buyer
- Inszone Insurance Services
- Target
- CBIA Insurance Agency
- Seller
- Mark Chandler, Kim Chandler
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired CBIA Insurance Agency, a Van Nuys-based personal and commercial lines agency founded in 2007 by Mark and Kim Chandler. The deal expands Inszone's presence in California and broadens its service offering for personal and commercial insurance clients.
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December 22, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Hiram Cohen & Son, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired New York-based Hiram Cohen & Son, Inc. (HCS) effective December 1, 2020. HCS, a fourth-generation property & casualty insurance agency founded in 1919 and based in Williston Park, New York, will continue operating under its existing leadership as part of THG's Tri-State operations; THG is a Carlyle-backed insurance brokerage pursuing growth through strategic add-on acquisitions.
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December 17, 2020
- Buyer
- Alera Group
- Target
- Todd Associates, Inc.
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Addon
Alera Group has acquired Todd Associates, Inc., an independent insurance agency headquartered in Beachwood, Ohio, effective December 1, 2020. The acquisition expands Alera Group's presence in the Midwest and Florida and adds Todd Associates' property & casualty and employee benefits capabilities to Alera's national platform.
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December 17, 2020
- Buyer
- The Hilb Group, LLC
- Target
- William H. Connolly & Co., LLC
- Seller
- William H. Connolly, Jr.
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired Montclair, New Jersey-based insurance brokerage William H. Connolly & Co., LLC, effective December 1, 2020. The deal brings William H. Connolly, Jr. and his team into THG's Tri-State operations and expands THG's property & casualty insurance capabilities in the region.
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- Buyer
- Patriot Growth Insurance Services, LLC, Summit Partners
- Target
- V.R. Williams & Company, LLC
- Industry
- Insurance
- Location
- Tennessee, United States
- Type
- Addon
Patriot Growth Insurance Services has partnered with V.R. Williams & Company, a full-service insurance agency based in Winchester, Tennessee, adding the firm's 22 insurance professionals and proprietary national pilot car insurance program to the Patriot platform. The deal expands Patriot's property & casualty and employee benefits capabilities and furthers its geographic expansion in the Southeastern United States; Patriot is backed by growth equity investor Summit Partners.
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December 2, 2020
- Buyer
- BRP Group, Inc. (Baldwin Risk Partners / The Baldwin Group)
- Target
- Armfield, Harrison & Thomas, Inc. (AHT Insurance)
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
BRP Group, Inc. (NASDAQ: BRP) has entered into a partnership to acquire Armfield, Harrison & Thomas, Inc. (AHT), a Leesburg, Virginia-based insurance brokerage, converting AHT into part of BRP's middle-market operating group. AHT brings approximately $52M in annual revenues, expanded geographic scale in the Pacific Northwest, Mid-Atlantic and Northeast, and AHT CEO David Schaefer will serve as a Regional President within BRP's middle-market group.
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December 1, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Plan Benefit Services, Inc.
- Industry
- Insurance
- Location
- South Carolina, United States
- Type
- Addon
The Hilb Group, LLC (THG), a Carlyle-backed insurance brokerage, acquired Plan Benefit Services, Inc. (PBSI), an employee benefits consulting and brokerage firm based in West Columbia, South Carolina, with the transaction effective December 1, 2020. Branford Armstrong and PBSI associates joined THG’s Southeast operations and will continue to operate from their West Columbia location as part of THG’s national brokerage platform.
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November 11, 2020
- Buyer
- PointeNorth Insurance Group, LLC
- Target
- The Stastka Agency, Inc., The Myrick Agency, LLC, D & G Insurance, Inc.
- Industry
- Insurance
- Location
- United States
- Type
- Addon
PointeNorth Insurance Group expanded its Southeast footprint by acquiring three independent agencies — The Stastka Agency, Inc., The Myrick Agency, LLC and D & G Insurance, Inc. The combined acquired revenue exceeds $3.1 million and the transactions bolster PointeNorth's property & casualty and transportation insurance offerings while providing succession planning and expanded carrier access for the partner agencies.
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November 3, 2020
- Buyer
- Relation Insurance Services, Inc.
- Target
- Michael Glick Agency, Inc., Glick Insurance Group
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
Relation Insurance Services acquired Michael Glick Agency, Inc. and Glick Insurance Group (collectively "Glick Insurance") and launched a new business unit called Relation Select to support small commercial and personal lines agencies, including former Nationwide-exclusive agents. The acquisition brings Glick's ~20 North Carolina locations into Relation's platform and aims to expand Relation's presence in the Mid-Atlantic and Southeast markets while offering partner agencies greater carrier access and resources.
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Constellation Affiliated Partners Acquires Trinity Transportation Services and Global Claims ServiceNovember 3, 2020
- Buyer
- Constellation Affiliated Partners, RedBird Capital Partners
- Target
- Trinity Transportation Services, Global Claims Service
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Constellation Affiliated Partners acquired managing general agent Trinity Transportation Services and third-party administrator Global Claims Service to expand its transportation insurance platform and claims capacity. The deals integrate Trinity's towing and recovery insurance programs and Global's claims capabilities into Constellation's MGA platform, which is backed by RedBird Capital Partners.
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November 1, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Ball Insurance Services
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked full-service insurance brokerage based in Tinton Falls, New Jersey, acquired Ball Insurance Services, a property & casualty agency focused on auto and motorcycle insurance headquartered in Merrillville, Indiana. Terms were not disclosed; WIA said the acquisition aligns values and will enable seamless integration of Ball's employees and clients as part of WIA's roll-up strategy.
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November 1, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Moran, Moran, & Dauphin, Inc.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired New York-based insurance agency Moran, Moran, & Dauphin, Inc., effective November 1, 2020. The Moran leadership team will join THG's Tri-State operations and continue to operate from their Auburn, New York location, strengthening THG's property & casualty capabilities in the region.
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November 1, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Flanagan Associates, LLC
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
World Insurance Associates LLC, a nationally ranked insurance brokerage based in Tinton Falls, New Jersey, acquired Flanagan Associates, LLC of North Haven, Connecticut effective November 1, 2020. The acquisition expands World’s local presence and service offerings in personal, commercial, and life insurance; terms were not disclosed.
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- Buyer
- World Insurance Associates LLC
- Target
- Danaher-Skewes & Associates, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked insurance brokerage, acquired Danaher-Skewes & Associates, Inc., an independent insurance agency headquartered in Manassas, Virginia, effective November 1, 2020. Terms were not disclosed; the deal expands WIA’s presence in Northern Virginia and adds Danaher-Skewes’ local personal and commercial insurance capabilities to WIA’s platform.
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- Buyer
- World Insurance Associates LLC
- Target
- Fairways Insurance Services, Inc.
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked insurance brokerage based in Tinton Falls, NJ, acquired Fairways Insurance Services, Inc. of Cinnaminson, NJ (effective November 1, 2020). The acquisition expands WIA's presence in the Mid-Atlantic and gives Fairways access to WIA's broader product offerings and service capabilities; terms were not disclosed.
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October 30, 2020
- Buyer
- PIB Group Limited
- Target
- Erskine Murray Insurance Brokers
- Industry
- Insurance
- Location
- Leicestershire, United Kingdom
- Type
- Addon
PIB Group Limited has acquired Erskine Murray Insurance Brokers, an independent commercial lines broker headquartered in Leicester with around 90 employees. The deal expands PIB's national footprint and complements its Corporate & Commercial, SME, High Net Worth and value-add service offerings as part of its ongoing roll-up strategy.
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October 28, 2020
- Buyer
- PIB Group Limited
- Target
- Arlington Insurance Services Ltd
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Addon
PIB Group Limited has acquired Arlington Insurance Services Ltd, a London-based specialist real-estate insurance broker founded in 2005. The deal is an add-on to PIB's consolidator strategy and is intended to bolster PIB's property and construction insurance offering by adding Arlington's experienced team and client relationships.
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- Buyer
- Ensurise LLC
- Target
- American Heritage Insurance Agency, Inc.
- Seller
- Gerald F. Zoller, Heather B. Zoller
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
Ensurise LLC announced it has merged with the property & casualty brokerage operations of American Heritage Insurance Agency, Inc., effective October 1, 2020. The deal brings American Heritage’s Eldersburg-based team into Ensurise’s Mid-Atlantic agency platform as part of Ensurise’s agency perpetuation and growth plan; American Heritage will continue to operate from its Eldersburg, Maryland location.
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October 13, 2020
- Buyer
- The Hilb Group, LLC
- Target
- Insurance Solutions
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired Annapolis-based Insurance Solutions (ISI), a full-service employee benefits agency, in a transaction effective October 1, 2020. ISI's leadership team and associates will join THG’s Mid-Atlantic operations and continue to operate from their existing Annapolis location as part of THG’s expanding employee benefits platform; THG is a portfolio company of The Carlyle Group.
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October 1, 2020
- Buyer
- Spectrum Automotive, Cornell Capital
- Target
- C.A.R.S. Protection Plus
- Seller
- Summit Park
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Spectrum Automotive, a portfolio company of Cornell Capital, has acquired C.A.R.S. Protection Plus (CARS) from Summit Park. CARS, headquartered in Murrysville, Pennsylvania, is a provider of vehicle service contracts (VSCs) to independent and franchise dealerships across the United States; terms were not disclosed.
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October 1, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Hampton Insurance Agency, LLC
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a national insurance brokerage, acquired Hampton Insurance Agency, LLC, a property & casualty agency based in Hampton, Virginia, on October 1, 2020. The acquisition expands WIA's presence in Tidewater Virginia and adds Hampton Insurance's transportation-focused P&C expertise to WIA's platform; terms were not disclosed.
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High Street Insurance Partners (Huron Capital) Acquires Tracy Driscoll and Millennium Alliance GroupSeptember 17, 2020
- Buyer
- High Street Insurance Partners, Huron Capital
- Target
- Tracy, Driscoll & Co., Inc., Millennium Alliance Group, LLC
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Huron Capital-backed High Street Insurance Partners acquired Tracy, Driscoll & Co., Inc. and Millennium Alliance Group, LLC as add-on acquisitions to expand the platform’s Northeast footprint. The deals (terms undisclosed) broaden High Street’s presence in New York and establish a presence in Connecticut while shareholders of both agencies remain active in the business.
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September 15, 2020
- Buyer
- Patriot Growth Insurance Services, LLC
- Target
- Capstone Brokerage
- Industry
- Insurance
- Location
- Nevada, United States
- Type
- Addon
Patriot Growth Insurance Services has added Las Vegas-based Capstone Brokerage to its platform, expanding Patriot's property & casualty and employee benefits capabilities and establishing a presence in the Nevada market. Capstone, led by President Mary Thompson, is a rapidly growing independent agency recognized for its workplace culture and has roughly a dozen employees.
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- Buyer
- World Insurance Associates LLC
- Target
- Peoples/Commercial Insurance Services, LLC (d/b/a Peoples Insurance Group)
- Industry
- Insurance
- Location
- Kansas, United States
- Type
- Addon
World Insurance Associates LLC (WIA) acquired Peoples/Commercial Insurance Services, LLC (d/b/a Peoples Insurance Group) of Topeka, Kansas, effective August 1, 2020. The local independent agency — founded in 1917 and offering personal, commercial, life and bond insurance lines — will continue to be led by its existing principals who will remain with the business as part of WIA's agency roll-up.
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August 20, 2020
- Buyer
- Alera Group, Silberstein Insurance Group (SIG)
- Target
- FNL Insurance Group
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
Alera Group has acquired FNL Insurance Group, a Timonium, Maryland-based employee benefits and health care insurance firm. FNL will join Alera through Silberstein Insurance Group (an Alera company) and continue serving its small- and mid-sized employer clients in the Baltimore and mid‑Atlantic region; terms were not disclosed.
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August 13, 2020
- Buyer
- Keystone Agency Investors (KAI), Keystone Insurers Group, Bain Capital Credit
- Target
- The Seltzer Group
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Keystone Agency Investors (KAI), a partnership between Keystone Insurers Group and Bain Capital Credit, has acquired The Seltzer Group, an independent insurance agency headquartered in Orwigsburg, Pennsylvania. The acquisition expands KAI's presence in Eastern Pennsylvania and adds The Seltzer Group's risk management, workers' compensation, benefits and personal insurance capabilities to KAI's platform; financial terms were not disclosed.
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August 13, 2020
- Buyer
- High Street Insurance Partners, Huron Capital
- Target
- Capital Insurance Group
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Addon
High Street Insurance Partners, a Huron Capital ExecFactor platform, has acquired Bloomfield Hills-based Capital Insurance Group (CIG) as an add-on to expand its commercial insurance presence in metro Detroit. The transaction is one of three deals completed by High Street in August 2020 and marks Huron Capital's 200th acquisition since 1999; terms were not disclosed and CIG shareholders will remain active with High Street.
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August 10, 2020
- Buyer
- Aston Lark, Bowmark Capital
- Target
- PHM, Incepta Risk Management
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Addon
Bowmark-backed insurance broker Aston Lark has acquired PHM, an employee benefits intermediary, and Incepta Risk Management, a Lloyd's broker. The deals bring approximately £14 million of combined gross written premium and are intended to strengthen Aston Lark's employee benefits capability and its presence in the London market.
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- Buyer
- Patriot Growth Insurance Services, LLC
- Target
- Bowermaster and Associates
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Patriot Growth Insurance Services has announced the addition of Bowermaster and Associates to its platform, strengthening Patriot's presence in Southern California. Bowermaster, a Cypress, California-based full-service, multi-line insurance agency founded in 1954 with nearly 40 insurance professionals, will join Patriot's national network to expand P&C, employee benefits, personal insurance and HR consulting capabilities.
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August 4, 2020
- Buyer
- PIB Group Limited
- Target
- Rigton Insurance Services Ltd
- Seller
- Roland Wilcox, Margaret Wilcox
- Industry
- Insurance
- Location
- West Yorkshire, United Kingdom
- Type
- Addon
PIB Group Limited has acquired Rigton Insurance Services Ltd, a Leeds-based specialist insurance broker founded in 1974 that focuses on transport-sector products (bus and coach insurance, preserved/heritage railway schemes and model retailers/manufacturers). The existing team will remain post-completion, with former owners Roland and Margaret Wilcox providing consultancy support as PIB expands its niche transport and heritage insurance offering.
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- Buyer
- World Insurance Associates LLC
- Target
- Countywide Insurance Agency
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked full-service insurance brokerage, acquired Countywide Insurance Agency of Jefferson Valley, New York, effective July 1, 2020. The transaction is an add-on acquisition to WIA’s roll-up strategy to expand its geographic footprint and client base; terms were not disclosed.
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- Buyer
- The Hilb Group, LLC
- Target
- Eldredge & Lumpkin Insurance Agency, Inc.
- Seller
- Alan Long, Pat Long
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired Eldredge & Lumpkin Insurance Agency, Inc., effective July 1, 2020. The Chatham, Massachusetts-based personal lines property & casualty agency's owners, Alan Long and Pat Long, joined THG of New England and will continue to operate from their existing location as part of THG's ongoing roll-up strategy.
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July 1, 2020
- Buyer
- The Hilb Group, LLC
- Target
- CIA Financial Group, Inc.
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Addon
The Hilb Group, LLC (THG) acquired Michigan-based CIA Financial Group, Inc., effective July 1, 2020. CIA’s agency leader Sam Crudo and his team will join THG’s Midwest operations and continue working from their Shelby Township, Michigan office; THG is a Carlyle Group portfolio company expanding its middle-market insurance brokerage footprint.
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July 1, 2020
- Buyer
- Propel Insurance, Flexpoint Ford
- Target
- HealthCare Services (HCS) Insurance Partners
- Industry
- Insurance
- Location
- Tennessee, United States
- Type
- Addon
Propel Insurance, a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a boutique risk-management and insurance consulting firm based in Knoxville, Tennessee that specializes in senior living organizations. The acquisition expands Propel's senior living practice, strengthens its southeast presence (Knoxville and Charlotte hubs) and adds industry expertise to Propel's national platform; the combined agency will generate more than $120 million of annual revenue and operate seven U.S. offices.
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- Buyer
- Specialist Risk Group, Pollen Street Capital
- Target
- Insolvency Risk Services
- Seller
- MS Amlin
- Industry
- Insurance
- Location
- Nottinghamshire, United Kingdom
- Type
- Addon
Specialist Risk Group (SRG) has agreed to acquire Insolvency Risk Services (IRS), a division of MS Amlin, subject to regulatory approval. The deal brings IRS's specialist insolvency insurance broking capability into SRG's platform, with MS Amlin providing ongoing capacity for related risk exposures.
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- Buyer
- AssuredPartners, Inc.
- Target
- WTPhelan & Co. Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
AssuredPartners, Inc. has acquired WTPhelan & Co. Insurance Agency, Inc., a Cambridge, Massachusetts-based insurance agency. The WTPhelan team of 58 (reporting $18 million in annualized revenue) will remain under current leadership as part of AssuredPartners’ Northeast expansion and is the firm’s 20th acquisition of 2020.
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- Buyer
- Harbour Benefit Holdings, Inc.
- Target
- Benefits Administration, LLC
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Addon
Harbour Benefit Holdings, Inc. acquired Benefits Administration, LLC (formerly Benefits Administration Corporation, Inc.), a Baltimore-based third-party administrator specializing in health, welfare and retirement services for union trust organizations. The deal expands Harbour's national footprint and client base, adding BAC to its family of companies alongside Zenith American Solutions, Pacific Federal and Innovative Software Solutions; financial terms were not disclosed.
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June 16, 2020
- Buyer
- Relation Insurance Services
- Target
- Summers Thompson Lowry, Inc.
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
Relation Insurance Services, a PE-backed independent insurance brokerage, has acquired Summers Thompson Lowry, a Raleigh-based property & casualty insurance brokerage. The acquisition expands Relation's commercial risk management and P&C capabilities in the Raleigh–Durham–Chapel Hill region; Summers will continue operating under its name with Larry Summers remaining as head of the Raleigh office.
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June 1, 2020
- Buyer
- Baldwin Krystyn Sherman Partners, LLC (BKS-Partners), BRP Group, Inc.
- Target
- Rosenthal Bros., Inc. (Rosenthal Brothers)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Baldwin Krystyn Sherman Partners (BKS-Partners), the middle-market subsidiary of BRP Group, has acquired substantially all assets of Rosenthal Bros., Inc., a Chicago-based provider of property & casualty insurance, employee benefits and private client solutions. Rosenthal Brothers generated approximately $18.8 million in annual revenue and employs about 55 people across two offices; the firm will be rebranded under the BKS-Partners banner to expand BRP's P&C and real-estate-focused capabilities in the Chicago market.
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June 1, 2020
- Buyer
- Baldwin Krystyn Sherman Partners (BKS-Partners), BRP Group, Inc.
- Target
- Trinity Benefit Advisors, Inc., Russ Blakely & Associates, LLC
- Industry
- Insurance
- Location
- Tennessee, United States
- Type
- Addon
Baldwin Krystyn Sherman Partners (BKS-Partners), the middle-market operating subsidiary of BRP Group, acquired substantially all assets of Tennessee-based Trinity Benefit Advisors, Inc. and Russ Blakely & Associates, LLC. The acquisitions expand BRP/BKS-Partners’ employee benefits and insurance distribution capabilities in the Southeastern United States and add a book of business that generated approximately $17.3 million in annual revenue.
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- Buyer
- Baldwin Krystyn Sherman Partners, LLC (BKS-Partners), BRP Group, Inc.
- Target
- Southern Protective Group, LLC
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
Baldwin Krystyn Sherman Partners (BKS-Partners), the middle-market subsidiary of BRP Group, Inc., acquired substantially all assets of Atlanta-based Southern Protective Group, a specialty insurance firm focused on medical malpractice solutions. The acquisition will rebrand SPG under the BKS-Partners platform and expand BRP's medical malpractice and risk management capabilities and nationwide distribution.
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April 15, 2020
- Buyer
- AssuredPartners, Inc.
- Target
- GIGA Solutions, Inc.
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
AssuredPartners, Inc. has acquired GIGA Solutions, Inc., a Boca Raton-based insurance agency specializing in tailored insurance solutions for the PEO industry. The team of nine will remain in place under existing leaders Chris Rhoden and Carla Busick; GIGA reports approximately $3 million in annualized revenue and will join AssuredPartners' nationwide platform as the firm's 15th acquisition of 2020.
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April 14, 2020
- Buyer
- Integrity Marketing Group
- Target
- The Brokerage Resource
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
Integrity Marketing Group has acquired The Brokerage Resource, a North Carolina-based insurance marketing organization specializing in Medicare Supplement products. The Brokerage Resource's leadership (the Corey family) will join Integrity's ownership structure and the agency will leverage Integrity's distribution, technology, and back-office capabilities to expand its agent network and product offerings.
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- Buyer
- BRP Group, Inc., Baldwin Krystyn Sherman Partners, LLC (BKS-Partners)
- Target
- Insurance Risk Partners, LLC
- Seller
- Insurance Risk Partners, LLC
- Industry
- Insurance
- Location
- Oklahoma, United States
- Type
- Addon
BRP Group, Inc., through its BKS-Partners operating group (Baldwin Krystyn Sherman Partners, LLC), acquired substantially all assets of Insurance Risk Partners, LLC, an Oklahoma City-based provider of property & casualty insurance and risk consulting. The acquisition (announced April 1, 2020) brings IRP's ~$7.0 million in annual revenues and expands BRP/BKS's large-account and technical insurance capabilities in the energy, infrastructure and power sectors.
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- Buyer
- World Insurance Associates LLC
- Target
- Martin & Rowland Insurance, Inc.
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked full-service insurance brokerage based in Tinton Falls, New Jersey, acquired Martin & Rowland Insurance, Inc. of Prospect, Connecticut effective April 1, 2020. The acquisiton (terms undisclosed) expands WIA’s capabilities and presence in Connecticut, bringing the long-established independent agency into WIA’s national platform.
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March 31, 2020
- Buyer
- Simplicity Group Holdings
- Target
- Fidelity Financial Group
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Addon
Simplicity Group Holdings has acquired Houston-based Fidelity Financial Group (FFG), an independent wholesaler of life insurance and fixed indexed annuity products, effective March 31, 2020. FFG will transition to the Simplicity Houston brand and its principals, Terry Feuchtinger and Reid Juul, join Simplicity as Principal Partners, expanding Simplicity's national insurance distribution platform and advisor-facing capabilities.
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- Buyer
- Integrated Specialty Coverages (ISC), Sightway Capital (affiliates of Two Sigma)
- Target
- Access Partners Insurance Services, LLC
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Integrated Specialty Coverages (ISC), a technology-enabled general agency backed by affiliates of Two Sigma’s Sightway Capital, has acquired Access Partners Insurance Services, a Sacramento-based multi-line wholesale broker with a focus on workers' compensation. Terms were not disclosed; ISC said the acquisition adds new carrier relationships and broadens workers' compensation class eligibility to expand ISC's platform and product footprint across the U.S.
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