The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andrews Agency is an independent agency based …
The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A database counted 155 announced insurance agency mergers and …
Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total. According to consultants at OPTIS Partners’ annual report, there were a record 626 deals …
New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the investment were not disclosed. Integro said its management team led by William Goldstein, John Sutton, Toby Humphreys and …
AssuredPartners Inc. has acquired Bandy Van Cleave & Williamson of Nashville, Tenn. The agency’s staff will continue to operate from their Nashville location under the local leadership of Bob Van Cleave and Chuck Williamson. Bandy Van Cleave & Williamson provide …
The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and compete more effectively. But for brokers and agencies …
Hylant, one of the largest privately-owned insurance brokers in the nation, said that The Gardner Group, an independent employee benefits agency based in Neptune Beach, Fla., will be merging into its Jacksonville operations. The newly-merged operation will led by industry …
QBE Insurance Group Ltd. of Australia is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The agencies being bought by Alliant include Community Association Underwriters (CAU), Deep South Insurance …
There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an OPTIS …
Broad Insurance Group (BIG) said it has acquired Art Hartselle Agency Inc., a Seminole, Fla. based commercial and personal lines property/casualty insurance agency. The company said that Robert Southard, a Florida native and insurance executive, is being brought on as …
