HMS Agency Inc. (HMS), a family-owned and operated insurance agency based in Albany, N.Y., has acquired Adirondack Family Insurance Services of Saratoga Springs, N.Y.
The purchase agreement was finalized on July 1, 2018, and represents the fifth acquisition by HMS since 2014. HMS is a full-service agency that specializes in all lines of commercial and personal insurance, in addition to offering a full range of employee benefits.
HMS Principal Stephen Mather explained in a company press release that each acquisition bolsters the firm’s entry into new and adjacent markets, allowing it to expand its geographic reach into the Saratoga county and surrounding areas.
HMS is a long-time member agency of the Satellite Agency Network Group Inc. (SAN) – an alliance of independent insurance agencies in the Northeast.
Source: HMS Agency Inc.
Topics Mergers & Acquisitions New York
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