2019 M&A News

JGS Insurance Acquires Maryland’s John Manougian Insurance Agency

Jacobson, Goldfarb & Scott Inc. (JGS Insurance) has acquired the John Manougian Insurance Agency (JMI) located in Silver Spring, Md. Following the acquisition, JMI Founder John Manougian will remain as a consultant, while Chris Manougian and Robin Manougian will serve …

World Insurance Associates Acquires Rhode Island’s Bucci Insurance Group

World Insurance Associates LLC (WIA) acquired Bucci Insurance Group of West Warwick, R.I., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1981, Bucci Insurance Group serves the New England community with personal, commercial and benefit …

Hub International Acquires Assets of New York’s StoneStreet Pearl River

Hub International Limited (Hub), a global employee benefit and insurance brokerage firm, has acquired the assets of StoneStreet Pearl River LLC. Terms of the transaction were not disclosed. Based in Pearl River, N.Y., and led by Barbara Delaney, StoneStreet is …

AssuredPartners Acquires Connecticut’s Alton E. Woodford Insurance Agency

AssuredPartners Inc. has acquired Alton E. Woodford Insurance Agency Inc., located in West Hartford, Conn. The team of nine will remain under the operational leadership of Tallison Noble and Nerissa Smith following the acquisition. Headquartered in Lake Mary, Fla., and …

Hub International Limited Acquires Assets of Virginia’s Washington Financial Group

Hub International Limited , a global insurance brokerage and financial services firm, has acquired the assets of Wash Financial L.L.C., doing business as Washington Financial Group (WFG). Terms of the transaction were not disclosed. Headquartered in McLean, Va., and led …

Hagerty Acquires the Greenwich Concours d’Elegance in Connecticut

Hagerty, an automotive lifestyle brand and provider of specialty insurance to vintage vehicle enthusiasts, has acquired the Greenwich Concours d’Elegance in Greenwich, Conn. Following this move, Hagerty expects to add hands-on-the-wheel opportunities for show-goers, including its “Ride & Drives” that …

The Hilb Group Acquires Massachusetts’ The Incentive Group

The Hilb Group LLC (THG) has acquired Massachusetts-based The Incentive Group LLC (IG). The transaction became effective September 1, 2019. IG is a full-service employee benefits consulting and brokerage firm providing solutions for a variety of industries and sizes. Located …

U.S. Opposes Merger of Title Insurers Fidelity National and Stewart

The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance provider Fidelity National Financial, Inc. from buying rival Stewart Information Services Corp. The FTC valued the deal at $1.2 billion. …

Arthur J. Gallagher Acquires UK Property-Owner Insurance Broker, RGA Group

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-headquartered broker, announced the acquisition of three UK insurance intermediaries – Rentguard Ltd., Home & Travel Ltd. and RGA Underwriting Ltd. – collectively referred to as RGA Group. Terms of the transaction …

Starkweather & Shepley Acquires Rhode Island’s Revens-Gates

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired Revens-Gates Insurance Inc. of North Kingstown, R.I. Revens-Gates was founded in 1999 by Mark Revens and Peter Gates. Established in 1879, S&S is an independent agency in Rhode Island. The firm …