Bowling Green, Ohio-based banking and insurance firm Sky Financial Group Inc. has acquired Spencer-Patterson Agency, Inc. of Findlay, Ohio. Spencer-Patterson is a full-service agency that sells professional liability, personal and commercial insurance as well as group benefits.
Spencer-Patterson was merged with and into Sky Insurance Inc., Sky Financial’s insurance agency affiliate, effective yesterday.
Under the terms of the agreement between the parties, Sky Financial paid approximately 90 percent of the purchase price in its stock and approximately 10 percent in cash. It is anticipated that all employees currently working at Spencer-Patterson will be retained by Sky Insurance and will remain in the Findlay, Ohio office.
Topics Mergers & Acquisitions Ohio
Was this article valuable?
Here are more articles you may enjoy.
Travelers Builds Insurance-Specific LLM 
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
