Business Moves

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East

World Insurance Associates, Millennium Medical Solutions Corp.

World Insurance Associates LLC acquired Millennium Medical Solutions Corp. of Armonk, N.Y., on June 1, 2020.

Millennium Medical Solutions Corp. is an employee benefits consulting boutique agency that specializes in commercial healthcare. It also specializes in professional employer organizations (PEOs) and helps clients determine which would be best for their unique business situation.

As part of the transaction, Alex Miller joins WIA as head of PEOs.

WIA is headquartered in Tinton Falls, N.J., and is a full-service insurance brokerage providing asset and lifestyle protection with risk management, insurance and benefit consulting services for individuals and businesses.

Since its founding in 2012, WIA has completed 63 acquisitions and serves its customers from 49 offices in 12 states and Washington, D.C.

Specialty Program Group, Beacon Hill Associates

Specialty Program Group LLC, an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates Inc., an environmental wholesale brokerage firm, including BHA’s PartnerOne (P1) environmental underwriting division.

Since 1990, BHA/P1 has been providing environmental liability insurance to insurance agents and brokers nationwide. Following the acquisition, current leadership will continue to run all aspects of the operation and will work closely with SPG leadership to launch their environmental platform.

Headquartered in Summit, N.J., SPG focuses on expanding program underwriting and specialty businesses.

CBIZ, Prince-Wood Insurance

CBIZ Inc. has acquired substantially all of the assets of Prince-Wood Insurance L.L.C. of Woodbridge, Va.

Established in 1967, PWI provides property and casualty insurance to small and mid-sized businesses in Northern and Central Virginia, Maryland and Washington, D.C. PWI has seven employees and approximately $1.2 million in annual revenue.

CBIZ Inc. is a provider of financial, insurance and advisory services to businesses throughout the U.S. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll and human capital consulting.

CBIZ has more than 100 offices in 31 states.

Midwest

PCF, Avidity Insurance

PCF Insurance Services, headquartered in Woodland Hills, Calif., has acquired Avidity Insurance, an Overland Park, Kansas-based independent insurance agency founded in 2013 by Will Wilson.

Avidity offers home, auto, business, life and specialty insurance products and services.

Founded in 1987, PCF is a full-service insurance brokerage firm that provides complete risk management solutions with a broad array of property and casualty, life and health, employee benefits and workers’ compensation insurance products.

Led by CEO and Chairman Peter Foy, PCF is a portfolio company of HGGC, a middle market private equity firm based in Palo Alto, Calif. HGGC was co-founded by former San Francisco 49ers Hall of Fame quarterback, Steve Young, who serves as the firm’s president.

USI Insurance Services, Colburn Group Insurance

USI Insurance Services has acquired Troy, Mich.-based Colburn Group Insurance.

All of the agency’s team members, including Harry Colburn, chairman, and Pamela Haron, president, will be joining USI.

Colburn Group is an independent insurance agency specializing in commercial insurance, employee benefits and personal risk solutions for businesses and individuals.

Valhalla, N.Y.-based USI is an insurance brokerage and consulting firm delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals.

Brown & Brown, HAUSER

Brown & Brown Inc. has entered into an agreement to acquire the assets of HAUSER in Ohio.

The deal is expected to close in September, subject to certain closing conditions.

HAUSER focuses on insurance solutions for private equity groups and their portfolio companies. The agency was founded 50 years ago by the Hauser family and is now under the leadership of Mark Hauser and James Stines. HAUSER will continue to operate from its headquarters in Cincinnati, Ohio, led by James Stines.

Florida-based Brown & Brown Inc. is an insurance brokerage firm, providing risk management solutions to individuals and businesses.

Brown & Brown, Buiten & Associates

Brown & Brown of Michigan Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Buiten & Associates, located in Grand Rapids, Mich.

Since 1935, Buiten & Associates has provided a wide variety of insurance products and services to businesses and individuals throughout Michigan. The Buiten & Associates team will continue operating from their existing office in Grand Rapids under the leadership of Paul Buiten.

Alera Group, Alper Services

Deerfield, Illinois-based Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Alper Services LLC in Chicago.

The acquisition was effective August 1.

Founded in 1966 and led by CEO Leslie Morse, Alper Services focuses on providing insurance solutions that minimize risk, protect assets and reduce liabilities for clients throughout the Midwest and Chicagoland area. Along with its expertise in property and casualty, trade credit, employee benefits and financial services solutions for middle-market corporations, the firm is known for its claims service model and AuditRate division. It was named a Best Practices Agency four years in a row by the Independent Insurance Agents and Brokers of America.

Alper Services joins Alera Group through GCG Financial, an Alera Group company located in Deerfield. The Alper Services team will continue serving clients in their existing roles.

South Central

One80 Intermediaries, National Underwriting Services

One80 Intermediaries has acquired National Underwriting Services Inc. in San Antonio, Texas.

The terms of the acquisition were not disclosed.

National Underwriting Services is a a managing general underwriter that provides medical stop loss coverage for self-funded employers across the U.S.

One80 Intermediaries is a national wholesale broker, program manager and insurance aggregator headquartered in Boston.

Southeast

World Insurance Associates, Novak Agency Insurors

World Insurance Associates LLC acquired Novak Agency Insurors of Largo, Fla., on June 1, 2020.

Novak Agency Insurors will be managed out of WIA’s Saint Petersburg office by Gregory D. Leifer, principal of World Insurance Associates.

According to Rich Eknoian, CEO and co-founder of World Insurance Associates LLC, Novak Agency specializes in commercial insurance, which will complement WIA’s focus on personal lines in Florida with the West Coast Group and Dan Woron Agency acquisitions.

Giordano, Halleran & Ciesla provided legal counsel to WIA, and legal counsel for Novak Agency Insurers was not disclosed. Scali Group advised WIA on the transaction.

World Insurance Associates LLC is headquartered in Tinton Falls, N.J., and is a full-service insurance brokerage offering risk management, insurance and benefit consulting services for individuals and businesses.

Worldwide Facilities, Clearwater Underwriters

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters Inc., a surplus lines MGA based in Clearwater, Fla.

Clearwater Underwriters was established in 1991 to provide a market for retail agents in the placement of excess flood coverage in the state of Florida. Since that time, the company has expanded its product line to include flood, professional liability, personal and commercial lines.

Davis Moore, CEO of Worldwide Facilities, said the acquisition increases Worldwide Facilities’ offering of specialty programs.

Don Waters Jr., president of Clearwater Underwriters, said the move expands its capabilities while it continues to offer a range of services and benefits to its affiliates.

Marsh, Berry & Company Inc. served as a financial advisor to Worldwide Facilities in this transaction.

PhiloSmith & Company served as an advisor to Clearwater Underwriters Inc.

Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter.

West

Higginbotham, Pat Campbell

Higginbotham and Pat Campbell Insurance, an independent agency in Las Cruces, N.M., have merged operations.

Both firms broker commercial and personal property and casualty insurance, employee benefits and individual life and health insurance.

This is Higginbotham’s first brick-and-mortar location in New Mexico. The acquisition adds a fifth state to its footprint.

Higginbotham named Pat Campbell as owner and Kerry Hixon as a managing director. The office will have access to all of Higginbotham’s resources to introduce and enhance services to southern New Mexico business owners and residents.

Pat Campbell Insurance is a commercial and personal property and casualty insurance, employee benefits and individual life and health insurance broker.

Fort Worth, Texas-based Higginbotham is an insurance and financial services firm that brokers business insurance, employee benefits, retirement plans, executive benefits, life insurance and home and auto insurance from more than 250 regional and national carriers.

Topics Florida

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