agency M&A News

BB&T to Acquire Woodbury & Co. in Carolinas

BB&T Insurance Services said it will acquire  Woodbury & Co. of Wilmington, N.C., and Myrtle Beach, S.C. Woodbury & Co. sells commercial property/casualty; employee benefits; individual life and health; personal lines; and professional liability throughout the Carolinas. The agency has …

Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners

Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry. …

Agency M&A Advisory Firm Sees ‘Lack of Quality Acquisition Opportunities’

A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about “a lack of quality acquisition opportunities,” which could lead to fewer deals this year compared to 2012. MidCap Advisors, a …