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.
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Read 14-Point Draft Memorandum of Understanding Between the US and Iran 
Virginia Says Airbnb Lacks Insurance License to Offer Host Damage Protection Plan 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
