PointeNorth Insurance Group Acquires 3 Southeast Insurance Agencies

PointeNorth Insurance Group, LLC (PNIG), a locally owned and operated independent insurance agency in the Southeast, has increased its footprint with the merger and acquisition of three insurance agencies: The Stastka Agency, Inc.; The Myrick Agency, LLC; and D & G Insurance, Inc. The combined acquired revenue exceeds $3.1 million. PointeNorth Insurance Group said the acquisitions would grow its property and casualty insurance and transportation insurance offerings.

The Stastka Agency, Inc. is located in Robertsdale, Ala. The company provides commercial insurance with an emphasis on the towing industry. The Stastka Agency, Inc. joined PointeNorth Insurance Group on July 1, 2020.

Dennis Staska, president of Stastka Insurance Agency, Inc., said the move was part of his expansion and succession plan “that provided the flexibility to meet my short and long-term goals, as well as those of our customers.”

The Myrick Agency, LLC, has locations in Fairhope, Ala., and Foley, Ala. The agency provides a variety of property and casualty insurance offerings including home, auto, boats, RV, commercial, and vacation options. The Myrick Agency, LLC joined the PointeNorth Insurance Group on Nov. 1, 2020. Martin Myrick, is president of The Myrick Agency, LLC.

D & G Insurance, Inc., based in Zebulon, Ga., specializes in providing transportation insurance for the commercial trucking industry, with a focus on small fleet protection. The company is licensed to provide insurance for customers in Georgia, Florida, North Carolina and Tennessee. D & G Insurance, Inc. joined PointeNorth Insurance Group on Nov. 1, 2020.

Glenda Smalley, president of D & G Insurance, Inc., said the the partnership allows it to offer clients additional trucking markets.

All three agencies are members of the PointeNorth Alliance, which provides member partners and locations with additional carrier markets, services, and tools to develop new talent, grow organically and increase profitability, according to William Skeeles, president and CEO of PointeNorth.

Including the three recent transactions, PointeNorth Insurance Group has acquired seven agencies within the past 12 months, with additional transactions expected by the end of 2020.

PointeNorth Insurance Group has expanded to more than 200 employees with operations in Georgia, Alabama, and South Carolina.

PointeNorth offers insurance and financial products to more than 55,000 households and businesses nationwide and was formed with the partnering of agencies throughout the Southeast. PointeNorth Insurance Group LLC is headquartered in Atlanta.

Topics Mergers & Acquisitions Agencies