The Insurance Agency Mergers and Acquisitions Insider

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Insurance Agency Mergers and Acquisitions November 2014

EPIC Insurance Brokers acquires Greyling Insurance Brokerage

SAN FRANCISCO, CA. November 24, 2014 — EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, today announced it has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant based in Atlanta, Ga., with locations in St. Louis, Mo. and Tampa, Fla. The firm will now operate as “Greyling Insurance Brokerage – a Division of EPIC.”

Founded in 2005 by David Collings and Gregg Bundschuh, Greyling is one of the nation’s top specialty insurance brokers serving four interconnected industry sectors across the country: Architects and Engineers; Contractors; Environmental Firms and Law Firms.

Arthur J. Gallagher & Co. Acquires Miller-Harrison Insurance Services

ITASCA, IL. November 20, 2014.  Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed.

Founded in 1919, Miller-Harrison is a retail insurance broker providing commercial property/casualty, risk management consulting and personal lines insurance services to clients throughout the Midwest.

Arthur J. Gallagher & Co. Acquires The Forker Company

ITASCA, Ill., Nov. 11, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of The Forker Company in Arlington Heights, Illinois.  Terms of the transaction were not disclosed.

Established in 2000, The Forker Company (Forker) is a retail insurance agency that offers contract surety solutions to clients throughout the Midwest.  They specialize in providing surety coverage for the construction industry.  Peter Forker and his associates will continue to operate under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operation.

Arthur J. Gallagher & Co. Acquires SGB-NIA Insurance Brokers

ITASCA, Ill., Nov. 10, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of SGB-NIA Insurance Brokers headquartered in Woodland Hills, California.  Terms of the transaction were not disclosed.

Established in 1964, SGB-NIA Insurance Brokers (SGB-NIA) provides retail property/casualty, risk management and employee benefits insurance products and consulting services to commercial and individual clients throughout the Western United States.  They specialize in insurance coverage for the manufacturing, metal worker, retail hardware and commercial real estate industries.  James Scanlon and his colleagues will continue to operate in their Woodland Hills and Camarillo, California locations under the direction of James McFarlane, head of Gallagher’s Western Region retail property/casualty brokerage operations.

CBIZ acquires Weekes & Callaway of Florida

November 7, 2014 – Cleveland-based CBIZ announced that it has acquired Weekes & Callaway, Inc., based in Delray Beach, Fla.  Terms were not disclosed.  Founded in 1954, W&C is one of the oldest and largest independently owned insurance agencies in South Florida. W&C is a full service insurance brokerage firm offering clients a complete line of services including commercial lines, personal lines, risk management, and employee benefits.

Marsh & McLennan Agency Acuires NuWest Insurance Services

White Plains, New York, November 7, 2014 – Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, a global leader in insurance broking and risk management, today announced that it has acquired NuWest Insurance Services Inc., an Irvine, California-based property/casualty agency.

Founded in 1985, NuWest generates approximately $2.4 million in revenue and specializes in providing P/C insurance solutions for multi-employer trust funds and employee unions.

HUB INTERNATIONAL ACQUIRES NEW JERSEY-BASED FOTEK INSURANCE AGENCY

Chicago November 6, 2014 – Hub International Limited (Hub), a leading global insurance brokerage, announced today that its subsidiary Hub International Northeast Limited (Hub Northeast) has acquired the stock of Fotek Insurance Agency, Incorporated (Fotek), a New Jersey-based employee benefits brokerage. Terms of the acquisition were not disclosed. The acquisition enables Hub to leverage Fotek’s benefits expertise and expands Fotek’s services to include strategic benefits planning, population health management, employee engagement and communication, healthcare reform guidance and compliance, and exchange technology solutions.

Arthur J. Gallagher & Co. Acquires Discovery Benefit Solutions, Inc.

ITASCA, Ill., Nov. 6, 2014 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Discovery Benefit Solutions, Inc. in San Diego, California. Terms of the transaction were not disclosed.

Formed in 2008, Discovery Benefit Solutions, Inc. (DBS) provides employee benefit consultation, management and brokerage services for group and individual clients throughout the western United States. They specialize in self-funded medical, dental and vision programs as well as benefit solutions for the bio-tech, hi-tech, charter school, medical group and manufacturing industries.  Brenda Fagan-Johnson, Michael Lutosky, Michael Pondrom and their associates will continue to operate in their current location under the direction of Norbert Chung, head of Gallagher’s western employee benefit consulting and brokerage operations.

Hilb Group Acquires North Carolina’s Lake Norman Benefits

November 4, 2014 – The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina.  LNB will continue to operate at its current location under previous owner and president, David Contorno, according to the announcement.  LNB focuses on middle market employee benefits in North Carolina, Virginia and New York.  Terms were not disclosed on the transaction that closed on Nov. 1.

HUB INTERNATIONAL CLOSES ACQUISITION OF ASSETS OF CHICAGO-BASED LAURUS STRATEGIES

Chicago November 4, 2014 – Hub International Limited (Hub), a leading global insurance brokerage, announced today that its Chicago-area region Hub International Midwest (Hub Midwest) has completed its previously announced acquisition of the assets of Laurus Strategies (Laurus) from CSIG Holding Company. Terms of the acquisition were not disclosed. Laurus is an employee benefits, human resources, and human resource information system (HRIS) global benefits consulting business. – See more at:

AssuredPartners Acquires Premiere Coastal Insurance Group, Inc.

LAKE MARY, Fla. – Nov. 4, 2014 AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired Premiere Coastal Insurance Group, LLC & Premiere Coastal Insurance Group, Inc. The agency specializes in providing insurance coverage for executive and high net worth individuals, businesses, and the aviation industry.

Wholesaler RT Specialty Acquires Tennessee Underwriters

November 4, 2014 – Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI).  A family-owned business, TUI was formed in 1980 in Nashville. It moved to nearby Franklin in 1981.

USI Insurance Services Announces the Completion of the Acquisition of Seven Willis Retail Insurance Brokerage Locations Across the United States

VALHALLA, N.Y., November 3, 2014 – USI Insurance Services (“USI”) announced today the completion of the acquisition of seven retail insurance brokerage locations from Willis North America Inc. (“Willis”), part of Willis Group Holdings (NYSE:WSH). This acquisition further strengthens USI’s presence as one of the leading middle market insurance brokerage and consulting firms in the country, and complements the Company’s full suite of property-casualty, employee benefits, personal lines, retirement and specialty offerings. Terms of the transaction were not disclosed.

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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