Transactions – Page 7

Auto-Owners Insurance Company

Acted as as the exclusive advisor to Auto-Owners Insurance Company in its affiliation with the Concord General Mutual Insurance group of companies. Concord is a personal lines-focused property and casualty insurer that operates exclusively through independent agents in NH, VT, ME and MA. Based in Lansing, MI, Auto-Owners is a Fortune 500 multi-line insurance company that operates through almost 6,300 independent agents in 26 states. The affiliation will expand Auto-Owners’ geographic reach with a premier New England platform. Concord will be able to grow its commercial product offerings as a result of the affiliation, strengthening agency relationships and adding greater overall value as a result.

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.

Connecticut Underwriters

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.

Strickland Insurance Group

Acted as the exclusive financial advisor to Strickland Insurance Group and its wholly-owned subsidiary Atlantic Casualty Insurance Company in their sale to Auto-Owners Insurance Group. Formed in 1983, Atlantic Casualty is a specialty property & casualty underwriter that primarily writes excess and surplus lines business through a network of MGA partners. The company operates in 48 states with offices in Goldsboro, NC; Scottsdale, AZ; Hartford, CT; and Philadelphia, PA. The management team, staff, and locations will remain as they position for growth and expansion of product offerings.

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.

Florists' Mutual Insurance Company

Acted as the exclusive financial advisor to Florists’ Mutual Insurance Company in its affiliation with Sentry Insurance a Mutual Company. Florists’ Mutual, founded in 1887, is a niche specific mutual insurance company that guides and provides solutions for retail florists, garden centers, nurseries, landscape contractors, greenhouse growers, wholesale floral distributors and interior plantscapers. As a member of Sentry, Florists’ Mutual will maintain its name and brand and will continue doing business from its current headquarters in Edwardsville, IL.

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.

Corcoran & Havlin Insurance Group

Acted as the exclusive financial advisor to Corcoran & Havlin in its sale to Cross Insurance. Corcoran & Havlin, headquartered in Wellesley, MA, is one of the largest independent insurance agencies in New England and a consistent recipient of the prestigious Five Star Insurance Agency Award of Distinction. Since its founding in 1967, the company has grown dramatically and added offices in Medfield and Duxbury in Massachusetts. Under terms of the acquisition, Corcoran & Havlin’s owners, Jack Keefe and George Doherty, will continue to lead the organization following the transaction.

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