2019 Mergers & Acquisitions News

Starkweather & Shepley Insurance Brokerage Acquires Connecticut’s Wilson Agency

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired The Wilson Agency Inc. of Shelton, Conn. The Wilson Agency is a third generation, family owned and operated agency serving Fairfield County and the Naugatuck Valley for more than 65 years. …

World Insurance Associates Merges with New Jersey’s Professional Insurance Associates

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., merged with Professional Insurance Associates Inc. (PIA) of Carlstadt, N.J., on March 1, 2019. Professional Insurance Associates has been meeting the insurance needs of both commercial and …

Baldwin Krystyn Sherman Partners Acquires Florida’s Lykes Insurance

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm Lykes Insurance Inc. BKS-Partners currently operates in multiple locations throughout the Southeast with a team of more than 300 …

The Hilb Group Acquires Connecticut’s eBenefits Group Northeast

The Hilb Group LLC (THG) has acquired Unionville, Conn.-based eBenefits Group Northeast LLC. The transaction became effective April 1, 2019. eBenefits is a full-service employee benefits firm providing services to businesses, non-profits and municipalities throughout the Northeast. Following the acquisition, …

Gramercy Risk Holdings Acquires New York’s Executive Insurance Company

Gramercy Risk Holdings LLC, a Uniondale, N.Y.-based insurance holding company, has acquired Executive Insurance Company, a New York-domiciled admitted insurance company. Following the acquisition, Executive will be renamed Gramercy Indemnity Company. Executive joins Gramercy Risk Management and Certus Claims Administration …

AssuredPartners Acquires Connecticut’s Goodworks Financial Group

AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region will remain under the operational leadership of Dennis Dressel and Paul …

Alera Group Acquires New York City’s Phalanx Healthcare Solutions

Alera Group, a national insurance firm, has acquired Phalanx Healthcare Solutions LLC, effective March 1, 2019. Located in New York City, Phalanx is an insurance and reinsurance broker of medical malpractice insurance for healthcare facilities, large physician groups and individual …

Arthur J. Gallagher & Co. Acquires Virginia’s McLean Insurance Agency

Arthur J. Gallagher & Co. has acquired Potomac Falls, Va.-based McLean Insurance Agency Inc. Established in 1971, McLean Insurance Agency offers retail property and casualty, life and employee benefit brokerage and consulting services to businesses and individuals throughout the Eastern …

Risk Strategies Acquires New York City’s Krauter & Company

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Krauter & Company LLC, a specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies. Founded in 2004 and …

The Hilb Group Acquires Massachusetts’ Marsh-Kemp Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based Marsh-Kemp Insurance Agency Inc. (MK). The transaction became effective March 1, 2019. Established in 1912, MK provides clients with a variety of personal and business insurance options. Agency Leader Thomas McLear will …