Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama.
Coastal, or CPI, has been in the business for three decades and offers property coverage. Principals also have considerable experience in flood insurance, allowing Valent to expand its commercial condominium specialization, according to a news release. La Donna Douglas is president of CPI.
Valent Group, with offices around Alabama, is a subsidiary of EBSCO Industries, a diverse, privately held global company based in Birmingham.
Topics Mergers & Acquisitions Alabama
Was this article valuable?
Here are more articles you may enjoy.
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
