Strickland Insurance Brokers of Goldsboro, North Carolina has acquired the assets of Palmyra, Virginia-based Tower Transportation Underwriters Inc.
Tower Underwriters, owned by Fred Black, is a managing general agency in Virginia and Delaware that specializes in commercial and public transportation risks. It will now will become part of Strickland Insurance Brokers (SIB).
Robbie Strickland, president of Strickland, said the deal fits with SIB’s growth strategy in the mid-Atlantic region.
Strickland Insurance Brokers is an MGA and wholesale broker founded in 1969. Stamford, Conn.-based Philo Smith Capital Corp. served as SIB’s consultant for this transaction.
Topics Mergers & Acquisitions Underwriting North Carolina Virginia
Was this article valuable?
Here are more articles you may enjoy.
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Some College Finals Delayed After Canvas Online Platform Hacked 
