Fla.’s Gallo Agency Acquires Cove Agency Accounts

Gallo Insurance Agency, an Empire Insurance Holdings, LLC company in West Palm Beach, Fla., has acquired the individual policy business of Cove Insurance Agency in Palm Beach Gardens, Fla. This acquisition strengthens Gallo’s presence in the south Florida market place and its access to the real estate and mortgage industries.

Gallo said it was attracted to Cove because of its work with real estate agents, developers and mortgage professionals. Cove’s personal line of insurance products also includes auto, boat and umbrella policies.

Privately held Empire Equity Group, Inc., based in Montvale, N.J., operates under both the Empire Equity Group, Inc. and 1st Metropolitan Mortgage brands.

Sources: Empire Equity Group and Gallo Insurance Agency

Topics Mergers & Acquisitions