Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires Automotive Business Solutions in Colorado
Dec 8 2023 // Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an...
New England’s Foy Insurance Group Acquired by World Insurance
Dec 7 2023 // New England’s Foy Insurance Group has been acquired by national broker World Insurance Associates. The Foy agency, headquartered in Exeter, New Hampshire, has been doing business in New Hampshire for more than 100...
Higginbotham Acquires Ohio’s Botson’s Insurance Group
Dec 7 2023 // Higginbotham has acquired Botson Insurance Group of Avon, Ohio. This move extends the Texas firm’s presence across Ohio, as Higginbotham formed a similar collaboration with western Ohio’s Community Insurance...
World Acquires South Dakota’s American Trust Insurance
Dec 5 2023 // World Insurance Associates LLC announced that it acquired the business of American Trust Insurance, LLC (“ATI”) of Huron, South Dakota on December 1, 2023. Terms of the transaction were not disclosed. ATI was...
Clear Group Buys General Insurance Book of PW White & Partners in UK
Dec 5 2023 // The Clear Group, the London-based independent broker, announced it has acquired the entire general insurance book of regional broker P W White & Partners Ltd. Financial details of the deal were not disclosed. The...
Howden Acquires Swiss Reinsurance Broker Haakon AG
Dec 5 2023 // Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon,...
Confie Acquires Acceptance Insurance
Dec 4 2023 // Confie announced the acquisition of Acceptance Insurance’s retail division to its family of brands. The personal lines distribution company said its latest acquisition expands its footprint to 26 states across the...
Historic Merger in New York: Bailey Place to Acquire Tanner Ibbotson
Nov 30 2023 // Bailey Place Insurance has agreed to acquire Tanner Ibbotson in a merger of two historic Cortland, New York-based independent insurance agencies. Effective April 1, 2024, Tanner Ibbotson’s office on West Road will...
Hall Sues Oates, Wins Restraining Order Over Plan to Sell Stake in Joint Venture
Nov 27 2023 // NASHVILLE, Tenn. (AP) — Daryl Hall has sued his longtime music partner John Oates, arguing that his plan to sell off his share of a joint venture would violate the terms of a business agreement the Hall & Oates...
Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m
Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates...
Gallagher Acquires New York’s Hughes Insurance Agency
Nov 22 2023 // Arthur J. Gallagher & Co. announced the acquisition of Queensbury, New York-based independent insurance agency, Hughes Insurance Agency, Inc. From it headquarters in Queensbury and an office in Albany, Hughes serves...
Inszone Acquires Letherer Insurance Consultants in New Mexico
Nov 22 2023 // Inszone Insurance Services acquired Letherer Insurance Consultants in New Mexico. Letherer Insurance Consultants specializes in professional liability coverage for attorneys, dentists, doctors and accountants. Sacramento,...
Alacrity Acquires South Carolina’s Cross Country Adjusting
Nov 21 2023 // Insurance Claims management service Alacrity Solutions Group, has acquired Cross Country Adjusting of Pageland, South Carolina. CCA, founded in 2005, provides residential and commercial property claims adjusting through a...
Choice Financial Acquires Hackmeier Agency in South Florida
Nov 20 2023 // Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in...
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS
Nov 20 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters of 2023 saw the largest declined ever recorded. There were 534 announced M&A deals...
Amwins Completes $1 Billion Recapitalization Transaction
Nov 17 2023 // Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders...
Arthur J. Gallagher & Co. Acquires Michigan’s Coverys Insurance Services
Nov 16 2023 // Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Coverys...
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Nov 16 2023 // Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’...
Inszone Acquires Texas’ Max Breisse Insurance Agency
Nov 15 2023 // Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has acquired Max Breisse Insurance Agency. Based in Katy, Texas, the agency was founded by Max Briesse in September of...
Hotchkiss Insurance Acquires Texas’ InCore Group
Nov 14 2023 // Hotchkiss Insurance has acquired InCore Group, an independent insurance consulting agency serving Texas, Oklahoma, and New Mexico. This move expands Hotchkiss’ footprint for commercial insurance and employee benefits...
