DOXA Insurance Holdings, an Indiana firm, has expanded its stable of distribution companies with the recent acquisition of Georgia-based Preferred Aviation Underwriters, a managing general agent.
PAU, headquartered in Duluth, Georgia, was founded in 2005 by pilots and industry veterans Kim Stufflet and Tom Adderhold, the companies said in a news release. The MGA offers property, auto, inland marine and excess coverage for airports and adjacent facilities.
Stufflet and Adderhold will continue to lead Preferred Aviation, along with partners Rob O’Neil and Chris Carter. DOXA CEO Matt Sackett said that the deal is in keeping with DOXA’s strategy to acquire MGAs and niche wholesalers. DOXA has completed 12 acquisitions in the the last 7 years.
Concurrently, White Mountains Insurance Group Ltd., completed a preferred equity investment in DOXA. The infusion will help support the continued growth of DOXA, the firm noted.
Topics Mergers & Acquisitions Aviation Insurance Wholesale Georgia
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