Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Professional Benefit Services in Washington Acquired by Parker, Smith & Feek
Mar 27 2023 // Parker, Smith & Feek acquired Professional Benefit Services Inc. in Washington. PBS President Jere Meyer and Account Executives Katie Stewart and Lesley Behrndt will join Parker, Smith & Feek’s team of more...
Insurtech Kin Increases Series D Funding Round to $109 Million
Mar 23 2023 // Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED...
Far from Home: Western-based Warner Pacific Acquires Agents Marketing Group in Miami
Mar 23 2023 // Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will...
NFP Acquires Illinois’ David Marcus
Mar 21 2023 // NFP, a property and casualty broker, benefits consultant, wealth manager and retirement advisor, announced it has acquired David A. Marcus & Associates, Inc. and Deerfield Financial Group, LLC (David Marcus). Based in...
Correll Group Acquires Two More SE Agencies
Mar 21 2023 // Correll Insurance Group, a rapidly growing agency in the Southeast, announced two more acquisitions of Tennessee-based agencies: SouthPoint Risk, in Nashville, and Insight Risk Management, in Memphis. Correll said in a...
Arthur J. Gallagher Acquires Viking Bond Service in Arizona
Mar 21 2023 // Arthur J. Gallagher & Co. acquired Phoenix, Arizona-based Viking Bond Service Inc. Tom Buckner, Bill Belpedio and the Viking Bond team will operate under the direction of Kevin Garvin, head of Affinity North America...
Arthur J. Gallagher & Co. Acquires Indiana’s SBP
Mar 20 2023 // Arthur J. Gallagher & Co. today announced the acquisition of Fort Wayne, Indiana-based Stewart, Brimner, Peters & Company, Inc. (SBP). Terms of the transaction were not disclosed. SBP is a retail insurance broker...
Reliance Acquires Assets of Truck Team Insurance in Utah
Mar 20 2023 // Reliance Partners acquired the assets of Truck Team Insurance in Salt Lake City, Utah. Truck Team Insurance Owner Brent Tate will also join Reliance Partners’ team as vice president of sales. He has more than 20...
White House Approves Disaster Funding for New Hampshire’s December Storm
Mar 20 2023 // President Joe Biden approved a federal disaster declaration for New Hampshire following damage caused by a severe storm and flooding that happened around Christmas, the Federal Emergency Management Agency said. Funding is...
IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo
Mar 17 2023 // International General Insurance Holdings Ltd. announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (EIO). The transaction included the acquisition of all outstanding...
Arthur J. Gallagher & Co. Buys UK Broker FE Protect
Mar 15 2023 // Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of the transaction were not disclosed. FE Protect is an insurance broker specializing in the UK...
Ringleader Pleads Guilty to Scheme Using Stolen IDs to Buy Vehicles
Mar 15 2023 // A Massachusetts man described by authorities as the ringleader of a group that used stolen identities to buy multiple vehicles worth a total of more than $1.5 million has pleaded guilty to fraud and identity theft charges,...
Howden Acquires Liechtenstein-Based Broker
Mar 15 2023 // Howden, the London-based insurance broker, announced the acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein. BWV is a market-leading independent broker with a portfolio of corporate and private clients, and...
Where Relationships Matter, Mergers Also Matter in Alabama
Mar 15 2023 // Less than eight months after two of Alabama’s oldest insurance agencies merged to create the Where Relationships Matter Group, the group has taken on another agency with offices in the southeast part of the...
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance
Mar 14 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval. Financial details of the deal were not...
ALKEME Acquires Texas’ NAPA Insurance Center
Mar 10 2023 // ALKEME announced the acquisition of the NAPA Insurance Center, an Austin, Texas- based insurance agency that provides health and P&C Insurance to NAPA’s independently owned Auto Part Stores and Auto Care Centers...
Burns & Wilcox Acquires Louisiana’s McIntyre & Associates
Mar 8 2023 // Burns & Wilcox has signed a definitive agreement to acquire McIntyre & Associates, a Ruston, Louisiana based managing general agent. The deal is expected to close early in Q2 2023.. Family owned for two...
UK Insurtech Azur Group Sells Tech Services Unit to Senior Managers, Creating New Firm
Mar 8 2023 // Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent angel investors. The new company will be called Azur Technology and will focus on the...
Hub Acquires Assets of Glacier Insurance in Montana
Mar 6 2023 // Hub International Ltd. acquired the assets of Glacier Insurance of Libby Inc. in Montana. Kevin Peck and Kim Peck, Owners, and the Glacier Insurance of Libby team will join Hub Mountain. Glacier Insurance is an independent...
Arthur J. Gallagher & Co. Acquires UK’s Bay Risk Services From Optio
Mar 6 2023 // Arthur J. Gallagher & Co. announced its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not...
