The Insurance Agency Mergers and Acquisitions Insider

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Insurance Agency Mergers and Acquisitions News September 2014

CBIZ Acquires Property And Casualty Provider Sattler Insurance Agency of Idaho

CLEVELAND, Sept. 3, 2014 /PRNewswire/ — CBIZ, Inc. (NYSE: CBZ) today announced that it has acquired substantially all the assets of Rognstad’s Inc. d.b.a. Sattler Insurance Agency (“Sattler”), based inLewiston, ID, effective September 1, 2014.

Originally established in 1941, Sattler provides property and casualty, personal, and life insurance services, with a specialty in outdoor recreation insurance, to businesses across the U.S.  Sattler has 11 employees and recorded approximately$1.6 million in revenue during the past twelve months…

Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency

Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind.

Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing property/casualty and risk management consulting services. The firm offers all lines of property/casualty insurance coverage for commercial and personal lines clients throughout the state of Indiana. It specializes in the nonprofit, governmental, charter school and real estate industries…

Protector Holdings Acquires SavePro Insurance Solutions

SAN FRANCISCO, Sept. 8, 2014 /PRNewswire/ — Protector Holdings, LLC, a joint venture of EPIC (Edgewood Partners Insurance Center) and Dowling Capital Partners, announced today the acquisition of Northern California’s SavePro Insurance Solutions.

SavePro (formally Bains and Woodward Insurance) was founded in 2008 in Yuba City, Calif. by Roger Bains and Paul Woodward, and has expanded to Chico, Eureka and Oroville, Calif…

Private Equity Firm HGGC Buys Into Florida Non-Standard Auto MGA Pearl Holding

HGGC, a middle market private equity firm, said it has completed a majority investment in Pearl Holding Group, a managing general agent (MGA) focused on the non-standard auto insurance market in Florida.

As part of the transaction, Pearl’s owners, Jared Perlin and Stacey Perlin Labell, will maintain a significant ownership stake and will continue running the business, according to the announcement…

HUB INTERNATIONAL ACQUIRES CALIFORNIA-BASED PETERSON MILANEY INSURANCE ASSOCIATES

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Peterson, Milaney Insurance Associates, Inc., servicing the Greater Southern California area, including Los Angeles, Ventura and Orange counties. Terms of the acquisition were not disclosed. Peterson Milaney will become part of the California operations of Hub International Insurance Services…

Arthur J. Gallagher Acquires Hagedorn & Co. in New York

Arthur J. Gallagher & Co. announced that it has acquired Hagedorn & Company located in New York, New York. Terms of the transaction were not disclosed.

Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group benefits and personal lines insurance products and services for commercial and individual clients throughout the northeastern United States…

AssuredPartners Acquires Cygnet Underwriting Agency, Inc. in Chicago

LAKE MARY, Fla. – Sept. 11, 2014 AssuredPartners Inc., through its subsidiary ProAccess, has acquired the Chicago location of Cygnet Underwriting Agency, Inc. Cygnet Underwriting Agency specializes in medical professional liability risks for individual physicians, dentists, and group physician practices.

As part of the acquisition, Mike Magnuson, President of Cygnet, will join ProAccess. Operations will move into the ProAccess office, located at 120 Riverside, Suite 2160 in Chicago…

About Michael Mensch

Michael is a managing partner and client advisor for Agency Brokerage Consultants, a national mergers and acquisitions firm serving independent insurance brokerages.

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