The Pennsylvania-based insurance brokerage platform Keystone Agency Partners (KAP), has acquiredadmin Strategic Insurance Partners (SIP), an independent insurance agency based in Nutley, New Jersey, to its network. Financial terms of the transaction were not disclosed.
Founded in 1900, SIP is licensed to sell insurance in 30 states with the majority of its business centered in New Jersey, New York, Connecticut, Pennsylvania and Delaware. Commercial lines is the largest business line with a focus in the construction, professional services and municipality sectors. The company specializes in servicing Hispanic business owners, with more than half of SIP’s employees being bilingual, according to the announcement.
SIP will retain its two offices in Nutley and North Bergen, New Jersey, and a third office in Camden, Delaware.
SIP marks the eleventh additional partnership for Keystone Agency Partners.
Topics New Jersey
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