Marshall & Sterling Acquires Valley Group in New York

Marshall & Sterling Insurance announced that it has acquired the Valley Group Inc., an insurance and financial services agency based in Kingston, New York, with a satellite office in Hopewell Junction, New York. Terms of the transaction were not disclosed.

Since its founding in 1927, the Valley Group has served the insurance and financial service needs of the Hudson Valley region.

The Valley Group’s operations will continue at their two current locations, under the name the Valley Group, a division of Marshall & Sterling. Any potential changes to its brand name will be discussed at a later date.

The Valley Group’s 15 employees will all join Marshall & Sterling and transition to become employee-owners through Marshall & Sterling’s Employee Stock Ownership Plan (ESOP).

The Valley Group President and CEO Kevin Ryan will be vice president and branch manager for the Kingston and Hopewell Junction offices. Michael Ryan, principal and registered investment advisor for the Valley Group, will be vice president for Marshall & Sterling Wealth Advisors Inc., a subsidiary of Marshall & Sterling Enterprises Inc., which is the parent company of Marshall & Sterling Insurance.

Founded in 1864, the Poughkeepsie, New York-based Marshall & Sterling is an independent agency with total annual written premiums in excess of $600 million. Marshall & Sterling is an employee-owned agency with more than 450 insurance specialists in 28 offices in New York, California, Michigan, Florida, Virginia and the U.S. Virgin Islands.

Topics Mergers & Acquisitions New York