Bollinger, Inc.,cited as the nation’s seventh largest privately held insurance broker, has acquired three insurance agencies in Salem and Cumberland Counties, New Jersey. The agencies, which have common ownership, are The Hitchner Agency, Elmer, N.J.; Tri County Insurors, Pennsville, N.J.; and the Barton F. Sharp Agency located in Bridgeton, N.J.
Thomas A. Sloan and Edward J. Coombs, principal owners of the three agencies, will continue in executive capacities as senior officers of Bollinger. The agencies and their professional staff of 34 employees will continue operating in their present locations.
The combined commission revenues of the three agencies was in excess of $3.75 million in 2005. With this acquisition, Bollinger’s projected revenues for 2006 will exceed $100 million. Bollingwr has a total of 430 employees.
“We are committed to having a large presence in the Philadelphia suburbs and the south western area of New Jersey,” stated Jack Windolf, chairman and CEO of Bollinger. Bollinger recently consolidated its southern Jersey operations into a new facility in Moorestown. This acquisition represents an additional investment in Bollinger’s commitment to this geographic area.
Headquartered in Short Hills, N.J., Bollinger has branch offices in New York, N.Y., Princeton, N.J. and Moorestown, N.J. With roots dating back to 1876, Bollinger provides business and personal insurance to a wide range of customers, as well as specialty insurance programs for golf and country clubs, amateur sports, and schools and colleges.
Source: Bollinger, Inc. – www.BollingerInsurance.com
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