2016 mergers and acquisitions News

Arthur J. Gallagher & Co. Acquires Miami-Based Gabor Insurance Services, Inc.

Arthur J. Gallagher & Co. has acquired Gabor Insurance Services, Inc., including its subsidiary, American Professional Liability Underwriters, headquartered in Miami, Florida. Terms of the transaction were not disclosed. Founded in 1992, Gabor Insurance Services, Inc. (Gabor) is a managing …

Acentria Insurance Expands Presence in Florida

Acentria Insurance has opened a new office location and acquired a new agency in Niceville, Fla. The new office in Niceville has been opened through a merged partnership with the Powell Agency, located on North Partin Drive. Established in 1957, …

Hub International Expands Southeast Presence with Acquisition of KeenanSuggs

Hub International Limited has agreed to acquire the assets of KeenanSuggs Insurance Inc., based in South Carolina. Terms of the acquisition were not disclosed. The deal is expected to close on August 1, 2016. With offices in Columbia, Greenville and …

Cross Insurance Acquires Maine’s Sargent, Tyler & West

Maine’s Cross Insurance reported it has acquired another leading Maine insurance agency, Sargent, Tyler & West in Bangor, and its Bucksport branch office, Roland Grindle Insurance Agency. Sargent, Tyler & West has been in business for nearly 200 years. Michael …

Berkshire Hathaway Purchasing New York Medical Liability Insurer

Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company to a stock insurer. The insurer is …

USI Acquires MVB Insurance in West Virginia

MVB Financial Corp. has sold all of the assets of its wholly-owned subsidiary, MVB Insurance, LLC in Fairmont, W. Va., to USI Insurance Services LLC. MVB Insurance will retain the assets related to, and continue to operate, its title insurance …

Hub Acquires Assets of Gateway Financial Affiliated Agency in Pennsylvania

Global insurance brokerage Hub International Limited has acquired the assets of Tenth Dot Benefit Solutions, an employee benefits agency in Pittsburgh that is affiliated with Gateway Financial Group Inc. and does business as Gateway Financial. Terms of the deal were …

Integro Acquires Equine Broker Jerry Parks Insurance Group in Florida

International broker and risk management firm Integro Insurance Brokers has added to its livestock coverage capabilities with the acquisition of Ocala, Florida-based corporations Jerry Parks Equine Insurance, Inc. and Parks Insurance Corporation. Financial details of the transactions have not been …

Risk Strategies Establishes Florida Footprint With Acquisition of Atlass Insurance

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Florida-Based Atlass Insurance Group, significantly adding to the resources of its Private Client practice. Founded in 1981, Atlass Insurance is an insurance brokerage and risk …

Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG

Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital. The parties did not disclose terms of the transaction. Reuters, citing anonymous sources, said it was for $2.7 billion TPG …