Conner Strong & Buckelew, an insurance and employee benefits brokerage with headquarters in Marlton, New Jersey, and Philadelphia, announced that it has formed a strategic alliance with Boston-based private equity firm Century Equity Partners.
Conner Strong said Century Equity’s mergers and acquisitions experience and industry relationships would enhance the brokerage’s organic growth and targeted acquisition strategies.
Under the terms of the alliance, Century Equity will acquire a minority interest in Conner Strong. George E. Norcross, III, Conner Strong’s executive chairman; Mike Tiagwad, president and CEO; and Joseph Buckelew, chairman, will maintain their majority interest in the firm. Together with the existing management team, they will continue in their current leadership positions.
Century Equity focuses on making private equity investments in lower middle-market financial services companies operating in insurance, asset and wealth management, specialty finance and banking services sectors.
Founded in 1959, Conner Strong has a team of nearly 300 professionals, serving clients throughout the U.S. and abroad. The firm’s specialty practices include: aviation, construction, construction wrap-ups, education, executive risk, healthcare, hospitality & gaming, life science & technology, public entity and real estate.
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