has been acquired by

Insurance Markets

Acted as exclusive financial advisor to Insurance Markets in its sale to W.N. Tuscano Agency.  Insurance Markets is a Managing General Agency (MGA) and surplus lines broker serving clients primarily in Pennsylvania.  Insurance Markets provides Tuscano with a local presence in Northeastern Pennsylvania to expand its presence in upstate New York and Northern New Jersey.  Bill Tierney, Peter Tierney, Joe Tierney and Ryan Tierney will join Tuscano and continue to operate from their Clarks Summit, PA office.

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First Western

Acted as exclusive financial advisor to First Western Insurance Agency in its sale to Hub. First Western is an independent insurance agency with 10 locations throughout the Black Hills of South Dakota, providing multi-line insurance solutions, including personal, commercial and employee benefits products, for their clients. First Western’s focus on various industries, such as agribusiness, construction, healthcare and transportation, supports Hub’s Specialty practices by complementing and strengthening Hub’s existing capabilities. Kyle Prewitt, President of First Western, will join Hub Mountain and report to Rene LeVeaux, President of Hub Mountain.

 

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Izzo Insurance Services

Acted as exclusive financial advisor to Izzo Insurance Services in its sale to Hull & Company, LLC, a subsidiary of Brown & Brown, Inc. Izzo Insurance is a wholesale brokerage that specializes in providing workers compensation insurance coverage options to its retail broker partners. Following the acquisition, Izzo Insurance Services will continue doing business from its existing Bloomingdale, Illinois location under the leadership of Karen Izzo. The office will operate as a new stand-alone location in Brown & Brown’s Wholesale Brokerage Division under the leadership of Tony Strianese.

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Dadgar Insurance

Acted as exclusive financial advisor to Dadgar Insurance Agency in its sale to Hub. Headquartered in Woburn, MA, Dadgar Insurance is an independent, multi-line insurance brokerage serving both individuals and businesses throughout New England for more than 30 years. Dadgar Insurance has extensive knowledge and deep experience in the hospitality and real estate industries focused on restaurant insurance and habitational insurance. They provide coverage to more than 500 restaurants and 1,500 landlords and apartment building owners throughout Massachusetts and New England. Following the acquisition, Anowsh Dadgar, President of Dadgar Insurance, will join Hub and will report to Charles Brophy, U.S. East Regional President of Hub.

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Darton & Company, Inc.

Acted as exclusive financial advisor to Darton & Company, Inc. of Westport, CT, and its sister company, Golden, O’Neill & Gebhardt, Inc. of New Haven, CT in their sale to AssuredPartners. Darton & Company and Golden, O’Neill & Gebhardt are specialized personal lines agencies with a focus on high net worth clients and partnerships with the premier insurance carriers.  The agencies are a powerful addition to AssuredPartners and will continue to operate under the leadership of Patrick Healy.

has been acquired by

JS Clark

Acted as exclusive financial advisor to JS Clark Agency in its sale to AssuredPartners. Located in Southfield, MI, JS Clark provides employee benefit services to over 300 clients throughout the country. The agency currently reports annualized revenues of $5.3 million. Following the acquisition, the team of 30 employees will remain under the current operational structure and leadership of Joel S. Clark.

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DBR Group

Acted as exclusive financial advisor to DBR Group in its sale to The Hilb Group. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a full range of benefits consulting and brokerage services to organizations of all sizes, including corporations, non-profits, Taft-Hartley funds, and public sector employers. Following the acquisition, DBR will continue to operate out of their Framingham, MA location under the direction of the founding leadership: Paul Desrosiers, Chris Bean and Jim Roche.

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Roemer Insurance

Acted as exclusive financial advisor to Roemer Insurance and STIG (“Roemer”) in their sale to AssuredPartners. Roemer was founded in 1934 by Wellington F. Roemer and has always maintained a focus on servicing the trucking industry while over the years branching into additional lines of coverage. Roemer currently reports annualized revenues of $4 million. Following the acquisition, the team of 26 will remain under the current organizational structure under the leadership of President and CEO Rocky Roemer, COO Mike Lawrence and STIG President Denny Schwartz.

has been acquired by

H.R. Keller & Co.

Acted as exclusive financial advisor to H.R. Keller & Co., Inc. in its sale to Arthur J. Gallagher & Co. Founded in 1962, H.R. Keller & Co. is a Managing General Agency (MGA), surplus lines broker and program administrator serving clients primarily in New York and the surrounding states. Eric Keller, Andrew Coric and their associates will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc. (RPS), Gallagher's wholesale broker and MGA.

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RIC Insurance General Agency

Acted as exclusive financial advisor to RIC Insurance General Agency, Inc. in its sale to Worldwide Facilities, LLC. RIC is a wholesale insurance brokerage and managing general agency with office locations across the western United States. RIC specializes in small to medium-sized commercial business as well as personal lines business. Following the acquisition, RIC will continue to maintain its client and market relationships and commitments as a division of Worldwide Facilities.