2018 Business Moves & Mergers News

Associated Benefits and Risk Acquiring Wisconsin’s Diversified Insurance

Associated Benefits and Risk Consulting (ABRC) announced it will acquire Diversified Insurance Solutions (Diversified), based in Milwaukee, Wisconsin. The transaction is expected to close next month. Terms of the transaction were not disclosed. Based in Green Bay, Wisconsin, ABRC is …

Alera Group Acquires Wilson Albers in Alaska

Alera Group has acquired Wilson Albers & Company LLC located in Anchorage, Alaska. Terms of the deal were not disclosed. Wilson Albers & Company, LLC, parent company of The Wilson Agency, LLC, Albers & Company Inc. in Tacoma, Wash., and …

Alera Group Acquires Davidson Benefits Planning in Oregon

Alera Group has acquired Davidson Benefits Planning, headquartered in Tigard, Ore. Alera made the purchase along with the purchase of three other firms effective Feb. 1, bringing the total number of acquisitions since launching in January 2017 to 20. Davidson …

Arthur J. Gallagher Acquires South Dakota’s Williams Insurance Agency

Arthur J. Gallagher & Co. has acquired Sioux Falls, South Dakota-based Williams Insurance Agency Inc. Terms of the transaction were not disclosed. Founded in 1967, Williams Insurance Agency offers a full range of property/casualty, life, health and voluntary benefits coverages …

Digital Commercial Insurance Broker Platform Indio Raises $6 Million

Indio Technologies, a digitized commercial insurance platform for agents and brokers, said it has raised $6 million in Series A financing, led by 8VC, to expand the capabilities of Indio’s digital platform and increase market share. Additional investors in the …

Hub Acquires Assets of Der Manouel in California

Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc. Terms of the deal were not disclosed. DMIG’s leadership team and staff will join Hub California. Michael Der Manouel, Jr., president and CEO …

Hub International Acquires Texas-Based IPS Advisors

Chicago-based global insurance brokerage Hub International Limited (Hub) has acquired the assets of IPS Advisors LLP and IPS RIA LLC (IPS Advisors). IPS is headquartered in Dallas, Texas, with offices in Houston, Austin, and Fort Worth. Terms of the acquisition …

Hub International Acquires Indiana’s Susoreny & Associates

Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Susoreny & Associates Inc. Terms of the acquisition were not disclosed. Headquartered in Crown Point, Indiana, Susoreny & Associates is a fully accredited independent insurance agency. Focused on …

Employee Benefit Strategies Group Joins Holmes Murphy

Independent insurance brokerage Holmes Murphy announced it has added Employee Benefit Strategies Group (EBSG) to its team of benefits experts. The EBSG team members joining Holmes Murphy have a combined experience of more than 80 years in the employee benefits …