Johnson & Strachan Inc., a commercial and personal insurance agency in Fairfax, Va., has acquired Progressive Management Associates, Inc., an independent insurance agency specializing in employee benefits.
Under terms of the acquisition, Carlos Ortega, owner of PMA, will join Johnson & Strachan in its offices in Fairfax, Va.
Jeff Johnson, president of Johnson & Strachan, said the acquisition of PMA, Inc. is another step in Johnson & Strachan’s strategic plan for growing its employee benefits insurance business.
Source: Johnson & Strachan
www.jsinsurance.com.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested 
