The Frederick H. DiMeo Insurance Agency Inc. has purchased the personal lines division of Oakland, Calif.-based Ozwald and Speaker Insurance Services Inc.
The acquisition includes the purchase of six books of business, adding a reported $1.2 million of written premium to the agency’s current writings.
Terms of the deal weren’t disclosed.
This is the fourth book of business purchased by the agency in the last few years.
Frederick H. DiMeo Insurance is based in Morgan Hill, Calif., and works with carriers including Safeco, Travelers, Mercury Insurance Group, CSE Insurance Group and Kemper Preferred Insurance.
Topics Mergers & Acquisitions California
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