2020 Mergers & Acquisitions News

World Insurance Associates Acquires New York’s Millennium Medical Solutions Corp.

World Insurance Associates LLC (WIA) acquired Millennium Medical Solutions Corp. of Armonk, N.Y., on June 1, 2020. Terms of the transaction were not disclosed. Millennium Medical Solutions Corp. is an employee benefits consulting boutique agency that specializes in commercial healthcare. …

Arthur J. Gallagher & Co. Acquires Florida’s Barrett, Liner & Buss

Arthur J. Gallagher & Co. has acquired Ocala, Fla.-based Barrett, Liner & Buss LLC. Terms of the transaction were not disclosed. Founded in 1981, Barrett, Liner & Buss offers a range of employee benefit solutions to Florida employers representing a …

New York’s Williams & Williams Joins AssuredPartners

Williams & Williams Inc. of Smithtown, N.Y., has joined AssuredPartners. The staff of four, led by Glenn Williams, currently reports $1.2 million in annualized revenues. The partnership will strengthen AssuredPartners’ New York operations as it continues to expand its services …

Worldwide Facilities Acquires Virginia’s Royal Oak Underwriters

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Royal Oak Underwriters Inc., an excess and surplus lines insurance wholesaler based in Richmond, Va. The acquisition marks an expansion of Worldwide Facilities’ nationwide …

Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance

Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to help Hippo – a managing general …

NFP Acquires Pennsylvania-Based Insurance Broker Team Scotti

Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019. Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance broker offering insurance and employee benefit …

Hub Acquires Assets of Massachusetts’ Lashua-LaChance & Poliks Insurance Agency

Hub International Limited, a global insurance brokerage, has acquired the assets of Lashua-LaChance & Poliks Insurance Agency Inc. Terms of the transaction were not disclosed. Located in Gardner, Mass., Lashua-LaChance is a locally owned, independent insurance agency that provides personal …

Hub Northeast Acquires Assets of New York’s The B&G Group

Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not disclosed. Located in Plainview, N.Y., The B&G Group provides commercial …

IMA Financial Group Completes Acquisition of ESS NexTier Insurance Group

IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands …

World Insurance Associates Acquires Connecticut’s Martin & Rowland Insurance

World Insurance Associates LLC (WIA) has acquired Martin & Rowland Insurance Inc. of Prospect, Conn., on April 1, 2020. Terms of the transaction were not disclosed. Established in 1845, Martin & Rowland Insurance Inc. is a full-service, independent insurance agency. …