Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama.
Coastal, or CPI, has been in the business for three decades and offers property coverage. Principals also have considerable experience in flood insurance, allowing Valent to expand its commercial condominium specialization, according to a news release. La Donna Douglas is president of CPI.
Valent Group, with offices around Alabama, is a subsidiary of EBSCO Industries, a diverse, privately held global company based in Birmingham.
Topics Mergers & Acquisitions Alabama
Was this article valuable?
Here are more articles you may enjoy.
QBE to Non-Renew $500M of North American Mid-Market Biz 
A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles 
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best 
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 
