Business Moves

The Hilb Group, Dowling & O’Neil

The Hilb Group, a middle market insurance agency based in Richmond, Va., has acquired Dowling & O’Neil, an independent agency in Hyannis, Mass. Terms of the transaction were not disclosed.

Founded in 1841, Dowling & O’Neil provides general property/casualty insurance services with niches in high net worth personal lines and healthcare facilities.

Dowling & O’Neil co-owners Rob Miller and Mark McCartin will continue to lead 31 employees and operate in the Hyannis location under their current name.

The Dowling & O’Neil acquisition is The Hilb Group’s first transaction in 2016.

Established in 2009, The Hilb Group is a portfolio company of Boston-based private equity firm, ABRY Partners.

Brown & Brown, SSAD

Brown & Brown Inc.’s subsidiary, The Advocator Group LLC, has acquired substantially all of the equity interests of Social Security Advocates for the Disabled LLC (SSAD) in Norwell, Mass. Terms of the transaction were not disclosed.

Since its founding in 1994, SSAD has provided Social Security disability insurance (SSDI) advocacy services to individual clients on behalf of long-term disability insurance carriers. SSAD had annual net revenues of approximately $10.0 million in 2015.

SSAD will continue to operate from its Norwell location under the sales leadership of Ann Marie Beaudoin and operational leadership of Megan Reid. The SSAD operations will report to Julie Turpin, CEO of The Advocator Group.

Brown & Brown Inc. is headquartered in Daytona Beach, Fla.

Anderson, Bagley & Mayo, Judy A. Mendolusky

Anderson, Bagley & Mayo Insurance Agency, an independent agency based in Leominster, Mass., has acquired Judy A. Mendolusky Insurance Agency, also based in Leominster. Terms of the transaction were not disclosed.

Founded in 1986, Judy A. Mendolusky Insurance Agency has been an independent agency offering property/casualty insurance services to local residents and businesses.

Anderson, Bagley & Mayo is a family owned and operated firm offering property/casualty insurance services to more than 7,000 families and 800 businesses in the north central Massachusetts region.

AssuredPartners, Suydam Insurance

AssuredPartners Inc. has acquired Suydam Insurance Agency in Somerset, N.J. Terms of the transaction were not disclosed.

Suydam Insurance Agency has provided business and personal insurance coverage to clients in the greater New Jersey area since its founding in 1879. The Suydam team of eight will continue operations in Somerset under the leadership of Robin Suydam and Ryck Suydam.

Based in Lake Mary, Fla., AssuredPartners acquires and invests in insurance brokerage businesses across the United States and in London. From its founding in 2011, AssuredPartners has grown to $550 million in annualized revenue, with more than 125 offices in 30 states and a London office.

World Insurance, Alamo Insurance

World Insurance Associates LLC, an independent agency based in Tinton Falls, N.J., has acquired Alamo Insurance Services Inc. of Toms River, N.J. Terms of the transaction were not disclosed.

The Alamo Insurance Services acquisition is World Insurance Associates’ 13th business acquisition since its founding in 2012.

Established in 1974, Alamo Insurance Services is an independent agency offering automobile, homeowners, flood, health, life, and commercial insurance services.

World Insurance Associates will maintain Alamo’s Toms River location. Alamo’s three staff members will join World Insurance Associates as part of the transaction.

World Insurance Associates LLC is an independent agency with 60 employees and 10 offices in the Northeast region and places more than $90 million in annual premiums.

Tompkins Financial, Shepard, Maxwell & Hale

Tompkins Financial Corp., a financial services company headquartered in Ithaca, N.Y., announced that its insurance agency subsidiary, Tompkins Insurance Agencies Inc., has acquired Shepard, Maxwell & Hale Insurance in upstate New York. Terms of the transaction were not disclosed.

Established in 1957, Shepard, Maxwell & Hale is an independent agency with two offices in Batavia and Hamlin, N.Y.

Shepard, Maxell & Hale’s two principals, Daniel G. Hale and Stephen S. Maxwell, will remain with the agency. Five other employees will also join the Tompkins Insurance team.

Hub International, Columbian Agency

Insurance brokerage Hub International Ltd. has acquired operations assets of the Columbian Agency, based in New Lenox, Ill. Terms of the acquisition were not disclosed.

Columbian operations specialize in providing commercial lines insurance and surety bond solutions for the construction industry. Columbian’s owners Kevin Scanlon, Gary Eaton, Lee McWethy and Rob Kegley, will join Hub Midwest.