Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey.
The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida.
SIA Insurance was formed in 2014, combining G.E. Smith Insurance Agency with Stanberry Insurance Agency.
Virginia Beach, Virginia-based Choice Financial Group is an insurance brokerage with institutional capital support from Northlane Capital Partners. Northlane, based in Bethesda, Maryland, is a middle-market private equity firm managing more than $1 billion of committed equity capital.
Choice is expanding its market presence through organic growth initiatives and targeted acquisitions. Bob Hilb, CEO of Choice Financial Group, founded The Hilb Group, which he grew with more than 60 mergers and acquisitions.
Topics Mergers & Acquisitions New Jersey
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