Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania.
Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania.
Tim Fennell, the owner of Loyalhanna Insurance Group, said the deal will benefit his agency’s insureds and insurance carriers.
Union Bay Acquisition LLC owns property/casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest.
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