Bailey Place Insurance to Acquire Cotterill Agency in New York

Bailey Place Insurance, an independent agency with offices in Cortland, Dryden and Ithaca, New York, announced that it will acquire the Cotterill Agency Inc., an independent agency based in Dryden, New York, effective Dec. 31, 2015. Terms of the transaction were not disclosed.

As part of the acquisition, Bailey Place Insurance has purchased the Cotterill Agency’s office building, and Bailey Place’s current Dryden branch office will relocate to the Cotterill building after completing some renovation work in early 2016. The Cotterill Agency principals, Doug and Brad Cotterill, will remain involved during the transition and two of their long-time employees, Veronica Hall and Chrystle Terwilliger, will be joining the Bailey Place team, the announcement said.

Bailey Place Insurance currently has 25 employees. With roots tracing back to the late 1850’s, Bailey Place provides insurance and risk management services for families, businesses, municipalities, and nonprofit organizations across the Central New York region.

Topics Mergers & Acquisitions New York