2018 Business Moves & Mergers News

INSURICA Acquires Zodrow & Neighbors in Oklahoma

Oklahoma City, Okla.-based INSURICA has acquired Zodrow & Neighbors Insurance LLC. Terms of the deal weren’t disclosed. The deal, which will be effective on June 1, is INSURICA’s fifth acquisition this year. Owasso-based Zodrow & Neighbors will enhance INSURICA’s presence …

Midwest Agencies — North Risk Partners, Bearence Management Group — Merge

Minnesota’s North Risk Partners has merged with Bearence Management Group, another independent insurance brokerage firm with over 80 employees spread across three Midwest locations – Mendota Heights, Minn., Des Moines, Iowa, and Omaha, Neb – and a mix of product …

Insurance Group of St. Charles County Acquires Insurance of Ellisville

Missouri-based Insurance Group of St. Charles County recently purchased Insurance of Ellisville, a family owned and operated company that was founded in 2016 by owner Benjamin Moore. Founded in 1992, Insurance Group of St. Charles County is a full-service insurance …

J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge

Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services. The deal will conclude with both companies being acquired by a fund advised by private investment …

Brightway Insurance Opens New Stores in Florida, South Carolina, Tennessee

Brightway Insurance is continuing its expansion with the opening of five new stores, four of which are located in the Southeast. The new stores that opened in the region include in Florida, South Carolina and Tennessee: Stephen Aldridge and Robert …

Seeman Holtz P&C Acquires First Choice Insurance Agency in Missouri

Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida has acquired First Choice Insurance Agency Inc., headquartered in Poplar Bluff, Missouri. First Choice Insurance has been serving the Poplar Bluff, Dexter, Cape Girardeau, Wappapello, Doniphan, Neelyville, Perryville, and …

AssuredPartners Acquires Iowa’s Peoples Insurance Agency

Lake Mary, Florida-based AssuredPartners Inc. has expanded into Iowa with the acquisition of the Peoples Insurance Agency (PIA), headquartered in Waverly. PIA has been the family owned and operated trusted insurance advisor in Iowa since its founding in 1982. The …

NFP Acquires 1st Community Insurance Services in California

NFP Corp. has acquired Palm Springs, Calif.-based 1st Community Insurance Services Inc. Terms of the deal were not disclosed. Principals of the firm Ernie Santora, Dean Nickodemus and Ken Conrad will report to Roger Wilber, senior vice president of NFP …

Seeman Holtz P&C Acquires Louisiana’s Affiliated Insurance Managers

Florida-based Seeman Holtz Property & Casualty Inc. has acquired the book of business of Affiliated Insurance Managers Inc., headquartered in Morgan City, Louisiana. With over 30 years of serving the state of Louisiana, Affiliated has continually strived to bring the …

Arthur J. Gallagher to Acquire Texas MGA, Pronto

Arthur J. Gallagher & Co. has agreed to acquire 100 percent of the equity interests of Pronto Holdco LLC, the parent company of Pronto Insurance (Pronto). The transaction is subject to customary closing conditions and is expected to close in …