CBIZ Inc. Acquires Assets of Virginia’s Prince-Wood Insurance

CBIZ Inc. has acquired substantially all of the assets of Prince-Wood Insurance L.L.C. (PWI) of Woodbridge, Va., effective July 1, 2020.

Established in 1967, PWI provides property and casualty insurance to small and mid-sized businesses in Northern and Central Virginia, Maryland and Washington, D.C. PWI has seven employees and approximately $1.2 million in annual revenue.

CBIZ Inc. is a provider of financial, insurance and advisory services to businesses throughout the U.S. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll and human capital consulting.

CBIZ has more than 100 offices in 31 states.

Source: CBIZ Inc.

Topics Mergers & Acquisitions Virginia