Holden AgencyActed as exclusive financial advisor to the Holden Agency in its sale to Cross Insurance. Founded in 1955, the Holden Agency is a longstanding independent agency based in Portland, ME. Holden provides employee benefits and property and casualty products to commercial and personal lines clients. Headquartered in Bangor, ME, Cross Insurance saw the acquisition as a tremendous opportunity to expand its operations in Maine. Holden executives Thomas Holden and John Benoit will continue to serve and assist with management of the business.
Acted as exclusive financial advisor to N-Surance Outlets in its sale to Ryan Specialty Group. N-Surance Outlets (NSO) is a wholesale insurance brokerage and binding authority operation headquartered in Roswell, GA with a branch office in Tarpon Springs, FL. Founded in 1985, NSO specializes in commercial P&C, transportation and garage risks, servicing over 1,000 agents in the Southeast. Jason Murrey, President of NSO, and his team will continue to service and expand their client base.
A. E. Barnes Insurance Agency
Acted as exclusive financial advisor to A. E. Barnes Insurance Agency in its sale to Cross Insurance. Based in South Weymouth, MA, A. E. Barnes is one of the leading independent agencies in the South Shore region. Founded in 1915, the agency provides products and services for its varied clientele, including both small and large commercial and personal lines clients. Former owners Preston Hoffman and Geoffrey Hoffman will continue to manage the South Weymouth office and will continue to serve as President and Vice President, respectively.
Peter M. Bakker Agency
Acted as exclusive financial advisor to Peter M. Bakker Agency, Inc. in its sale to Renaissance Alliance Insurance Services. Based in Avon, CT, the Bakker Agency is a long-standing New England retail agent with a strong, balanced portfolio of personal and commercial clients. Renaissance Alliance is a Wellesley, MA-based coalition of independent agencies, insurers, and service providers who provide insurance services and products to personal and commercial insureds throughout New England. The acquisition creates a Connecticut-based hub for Renaissance Alliance, furthering its commitment to growing its member network and strengthening its service capabilities to independent agencies in New England and beyond. The Bakker Agency will remain an independent agency under the Chairmanship of Renaissance Alliance President J. Bruce Cochrane. Peter M. Bakker, Sr. will be special assistant to the Chairman and John T. Maschi will remain as President of the Bakker Agency, reporting directly to Cochrane.
MJ Kelly Company
Acted as the exclusive financial advisor to MJ Kelly Company (MJK) in its sale to JenCap Holdings. MJK is a managing general agency and wholesale insurance brokerage based in Springfield, MO with offices in nine states throughout the Midwest and Southeast. Since 1986, MJK has been owned and operated by Jim Adams who was joined by his sons Jon and Paul in 1987 and 1989, respectively. MJK places business with more than 200 admitted and non-admitted markets through more than 5,000 independent agents in 26 states. In conjunction with the transaction, Jon Adams will move into the position of President of MJK and Paul will take on the responsibility of Branch Manager of the Springfield office. Jim Adams will remain in an advisory capacity.
Knapp Schenck & Co.
Acted as the exclusive financial advisor to Knapp Schenck & Co. in its sale to Cross Insurance. Based in Boston, MA, Knapp Schenck is a retail insurance agency that provides insurance services to commercial and personal clientele with a focus on commercial and residential real estate ownership, management and development, construction, manufacturing, distributors and wholesalers of all types, non-profit organizations, municipalities, and private schools. Founded in 1921, Knapp Schenck is headquartered in Boston’s financial district, with a branch office in Braintree. Under terms of the acquisition, Knapp Schenck will retain its name and continue to operate with the same professional staff and leadership.
Acted as the exclusive financial advisor to Connecticut Underwriters in its sale to CRC Insurance Services. Founded in 1964, Connecticut Underwriters is a premier wholesale broker/managing general agent that has grown into one of the northeast’s leading independent excess and surplus lines brokers. The Middletown, CT-based privately held company prides itself on providing exceptional service and unique market access. Connecticut Underwriters will operate as part of CRC’s Southern Cross Underwriters division.
Founders Insurance Agency
Acted as the exclusive financial advisor to Founders in its sale to AssuredPartners. Founders is a retail insurance broker with offices in Torrington, CT and Lakeville, CT. Founders provides personal, commercial and group health and life insurance to its clients. Within its personal insurance division, Founders services its high value, platinum clientele with properties around the world. Following the transaction, Founders’ staff and leadership will continue to operate from their existing office locations in Connecticut.
RF Ougheltree & Associates
Acted as the exclusive financial advisor to RF Ougheltree & Associates (RFO) in its sale to Hull & Company. RFO, based in Lyndhurst, NJ, was founded in 2000 by Bob Ougheltree. RFO is a wholesale broker that focuses exclusively on executive and professional liability insurance for public and privately held companies. Following the transaction, Bob Ougheltree and members of the RFO team will continue to serve their clients and carrier partners as part of Hull & Company’s operations in New Jersey.