2020 Mergers & Acquisitions News

Arthur J. Gallagher Acquires New York’s CMS

Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS LLC is a full-service wholesale insurance broker working with agents across the U.S. The team specializes in placing …

World Insurance Associates Announces Growth Investment from Charlesbank

World Insurance Associates LLC (WIA), a Tinton Falls, N.J.-based, full-service insurance brokerage, has signed an agreement to receive a majority investment from funds affiliated with Charlesbank Capital Partners, a middle-market private equity firm based in Boston and New York. The …

The Hilb Group Acquires Assets of Rhode Island’s D.F. Dwyer & Associates

The Hilb Group LLC (THG) has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC (DFD). The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full range of property and casualty insurance …

Risk Strategies Acquires Virginia’s UNIRISC

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired UNIRISC Inc., a specialist in the global relocation insurance and risk management needs of corporate personnel and private individuals moving domestically and overseas. Terms of the …

Insurance Office of America Merges with New Jersey’s RDA Benefit Services

Insurance Office of America (IOA) has merged with New Jersey-based RDA Benefit Services, owned by Bob and Nancy Damato. The merger became effective Jan. 1, 2020, and further adds to IOA’s growing team in the Northeast region. RDA has served …

CBIZ Acquires Alliance Insurance Services of Washington D.C.

CBIZ Inc., a provider of financial, insurance and advisory services, has acquired substantially all of the assets of Alliance Insurance Services Inc. (AIS) of Washington, D.C., effective February 1, 2020. With roots dating back to 1986, AIS is an independent …

Hub International Limited Acquires Pennsylvania’s TRA Insurance Solutions

Hub International Limited (Hub), a global insurance brokerage, has acquired Triester, Rossman & Associates Inc. (TRA Insurance Solutions). Terms of the transaction were not disclosed. Located in King of Prussia, Penn., TRA Insurance Solutions is an independent insurance firm providing …

Hub Acquires Assets of New York’s Kokkoris Insurance Services

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Kokkoris Corp., d/b/a Kokkoris Insurance Services. Terms of the transaction were not disclosed. Based in Astoria, N.Y., Kokkoris Insurance Services is a boutique insurance agency that provides …

The Andrew Agency Acquires Virginia’s A & R Associates

The Andrew Agency has acquired A & R Associates in Alexandria, Va., effective January 15, 2020. Terms of the transaction were not disclosed. Founded in 1971, A & R Associates provides commercial insurance services to clients throughout Virginia, Maryland and …

FBinsure Acquires Massachusetts’ Nimiroski Insurance Agency

FBinsure has acquired the Nimiroski Insurance Agency, an independent agency located in Attleboro, Mass. Established in 1963, Nimiroski Insurance has been an active member of the Attleboro community for more than 50 years, providing personal and business insurance to more …