has been acquired by
Rand Insurance
Acted as exclusive financial advisor to Rand Insurance in its sale to Cross Insurance.
No press release has been issued for this transaction.
has been acquired by
Insurance Center of New England
Acted as exclusive financial advisor to Insurance Center of New England, Inc. (ICNE) in its sale to Hub International Limited. With locations in Agawam and Gardner, Massachusetts, ICNE is one of the largest locally owned, independent insurance agencies in New England. ICNE provides full-service insurance solutions for personal insurance, business insurance and group employee benefits.
has been acquired by
The Mechanic Group
Acted as exclusive financial advisor to The Mechanic Group (TMG) in its sale to Specialty Program Group. Established in 1989, TMG is an insurance program manager that specializes in delivering innovative risk management, insurance products and programs to the Security Guard, Private Investigation, Intelligence, Electronic Security, Alarm Installation, Central Station Monitoring and Security Consulting marketplace. TMG is a leading MGA for agents and brokers seeking a market for these insureds. Current leadership of TMG will continue to run all aspects of the operation and trade under The Mechanic Group brand.
has been acquired by
Abram Interstate Insurance Services
Acted as exclusive financial advisor to Abram Interstate Insurance Services, Inc. in its sale to Arthur J. Gallagher & Co. Abram Interstate Insurance Services is a property/casualty managing general agency offering a full range of commercial, agri-business and personal insurance products to retail agents and their customers, primarily throughout California. Ron Abram and his associates will remain in their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc. (RPS), a subsidiary of Arthur J. Gallagher & Co.
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.
has been acquired by
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.
has been acquired by
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.
has been acquired by
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.
has been acquired by
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.
