Bowling Green, Ohio-based Sky Financial Group Inc. has acquired Insurance Buyers’ Service Agency Inc. (IBS) of Boardman, Ohio. IBS is an agency that sells professional liability, personal and commercial insurance. IBS was merged with and into Sky Insurance, Sky Financial’s insurance agency affiliate, effective July 7, 2003.
Under the terms of the agreement between the parties, Sky Financial provided shares of its common stock in exchange for 100 percent of IBS’s outstanding shares. It is anticipated that all employees currently working with IBS will be retained by Sky Insurance and will remain in the Boardman, Ohio office.
IBS President James Lang said Sky is well known in the Youngstown market and will help the agency grow while offering more financial services.
Topics Mergers & Acquisitions Ohio
Was this article valuable?
Here are more articles you may enjoy.
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
