Financial Institutions, Inc. has agreed to acquire the assets of New York State-based insurance brokerage firm Landmark Group for an undisclosed price. The acquisition is being carried out through the bank holding company’s subsidiary SDN Insurance Agency. Financial Institutions, Inc is also the parent company of Five Star Bank, Courier Capital, and HNP Capital. Since […]
World Insurance Associates (WIA), an insurance brokerage, has acquired Flanagan Associates based in North Haven, Connecticut, for an undisclosed price. Founded more than 30 years ago, Flanagan Associates has experience in personal, commercial, and life insurance. Its team is said to work with regional and national insurance carriers to offer the best quality coverage and […]
Global insurance brokerage Hub International has acquired the assets of United Shortline Insurance Services (USIS) for an undisclosed price. United Shortline Insurance Services, which is based in Michigan, provides shortline and regional railroad insurance solutions. The company is focused exclusively on the insurance requirements of the shortline railroad industry for more than three decades. United […]
Canadian investment manager Onex Corporation has completed its previously announced acquisition of a majority stake in OneDigital, a US provider of employee benefits insurance brokerage and retirement consulting services. The stake was acquired for a consideration of about $960 million. The deal, which was signed in October 2020, values OneDigital at $2.65 billion. Onex made […]
Global insurance brokerage HUB International has acquired the assets of The Vitolo Company for an undisclosed price. Based in Seattle, Washington, Vitolo Company is an independent insurance agency. The agency offers employee benefits, group benefit planning, and compliance consulting to clients through its analytics tools and innovative solutions. Mike Vitolo, who is the founder and […]
Arthur J. Gallagher & Co., an Illinois-based insurance brokerage, risk management and consulting services firm, has acquired AWIS Group, a wholesale insurance broker based in San Diego, for an undisclosed price. Established in 2005, AWIS Group provides a variety of commercial coverages and also high-net-worth personal lines, mainly via insurance agencies based in California. The […]
Global insurance brokerage Hub International has acquired the insurance brokerage assets of Larry Dean Massey, Jr. (Massey) for an undisclosed price. Massey, which has legacy operations in Memphis, Tennessee, and in Oxford, Mississippi, provides insurance and risk management services. The company caters to clients with a focus on various industries such as hospitality, construction, and […]
HUB International, a global insurance brokerage, has acquired the assets of Baystate Fiduciary Advisors based in Boston, Massachusetts for an undisclosed price. Baystate Fiduciary Advisors provides investment fiduciary advisory services to 401k and 403b plan sponsors with a general business approach and also a strong concentration in the non-profit sector. As of September 2020, the […]
Global insurance brokerage Hub International has acquired the assets of Leading Edge Benefit Advisors, Raimey, Leading Edge Human Resource Services, Leading Edge Companies, Leading Edge Financial Group, Leading Edge Retirement Plan Advisors, and Leading Edge Wealth Advisors (collectively, Leading Edge). The financial terms of the deal were not revealed. Leading Edge, which is based in […]
Westland Insurance Group, a Canadian property and casualty insurance broker, has acquired Gillons Insurance Brokers for an undisclosed price. The transaction marks the first acquisition for Westland Insurance Group in Ontario. It is also said to support the expansion strategy of the company to become a national insurance brokerage. Gillons Insurance Brokers, which was established […]