OLI Insurance acquires California-based Walton and Associates Insurance
OLI Insurance Services has acquired California-based Walton and Associates Insurance Services for an undisclosed price.
Headquartered in San Jose, Walton and Associates Insurance Services is engaged in providing a range of commercial lines and personal insurance products for clients living in the Bay Area and Northern California.
The family-run insurance agency, which was founded in 1966, is operated by Verne Walton and Susan Walton. It will be continued to be led by their daughters — Jamie Anderson and Wendy Volpatti and will autonomously operate as a subsidiary agency of OLI Insurance Services.
Verne Walton and Susan Walton said: “We are enthusiastic and confident that the Heffernan Walton partnership will create a viable, strong, and successful force in our marketplace while building upon a base Walton Insurance started 55 years ago.
“Going forward, we see unlimited opportunities and look forward to the many enhancements and resources this acquisition brings.”
OLI Insurance Services is a subsidiary of Heffernan Insurance Brokers, which offers market access and support services to local insurance agencies. Walton and Associates Insurance Services is expected to grow further by leveraging the market access, resources, and support of OLI Insurance Services and Heffernan Insurance Brokers.
John Prichard Jr. — president of OLI Insurance Services said: “We are excited to have Walton and Associates join our network of local agencies. We are combining the Walton and Valley General Insurance Services teams, who OLI also recently acquired, which will create an exceptional agency with a strong leadership team that focuses on customer satisfaction, employee career opportunities, and growth.
“By leveraging OLI’s and Heffernan’s resources, support and mentorship, we are confident this agency will be a force to be reckoned with.”