News/Announcements
Union Bay Acquisition LLC Acquires West Orange, NJ-based Commercial Brokers of America
LANSDALE, PA USA, November 27, 2023/EIN PRESSWIRE.COM
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Lansdale, Pennsylvania, has acquired Commercial Brokers of America of West Orange, NJ. Terms were not disclosed.
Curtis Babb, President of Commercial Brokers of America, stated, “We are excited to bring Commercial Brokers of America to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome Commercial Brokers of America” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Commercial Brokers of America has deep knowledge and contacts in commercial property-casualty insurance, and we are excited to augment our portfolio with their expertise in New Jersey.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Patrick Sullivan
Union Bay Risk Advisors LLC
+1 917-887-2490
email us here
Union Bay Acquisition LLC Acquires Avon, IN-based Deken Benjamin Insurance Agency
LANSDALE, PA USA, October 12, 2023/EIN PRESSWIRE.COM
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Lansdale, Pennsylvania, has acquired Deken Benjamin Insurance Agency of Avon, Indiana. Terms were not disclosed.
Michelle Benjamin, President of Deken Benjamin Insurance Agency, stated, “We are excited to bring Deken Benjamin Insurance Agency to its next level of growth and development by teaming up with Union Bay.” She added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome Deken Benjamin Insurance Agency,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Michelle Benjamin, Office Head Stephanie Buster, and the entire Deken Benjamin team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our insurance agency portfolio with their expertise in the Indianapolis metro area.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Patrick Sullivan
Union Bay Risk Advisors LLC
+1 917-887-2490
email us here
Union Bay Acquisition LLC Acquires Port Jervis, NY-based Ahearn Insurance Agency
PRINCETON, N.J. USA, September 8, 2023/EIN PRESSWIRE.COM
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired The Ahearn Insurance Agency of Port Jervis, New York. Terms were not disclosed.
Tom Ahearn, President of The Ahearn Insurance Agency, stated, “We are excited to bring The Ahearn Insurance Agency to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome The Ahearn Insurance Agency,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Tom and his team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in the Hudson and Delaware Valleys.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Patrick Sullivan
Union Bay Risk Advisors LLC
email us here
Union Bay Acquisition LLC Acquires Newtown Square, PA-based May Insurance Services
PRINCETON, N.J. USA, JULY 14, 2023/EIN PRESSWIRE.COM
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired May Insurance Services, Inc. of Newtown Square, Pennsylvania. Terms were not disclosed.
John May, President of May Insurance Services, stated, “We are excited to bring May Insurance Services to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome May Insurance Services,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “John and his team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in the Philadelphia metro area.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Patrick Sullivan
Union Bay Risk Advisors LLC
email us here
Union Bay Risk Advisors Raises up to $50 Million to Fund New Acquisitions
PRINCETON, N.J. USA, JUNE 22, 2023/EIN PRESSWIRE.COM
Union Bay Risk Advisors LLC announced today that it has entered into an agreement with an institutional investor group to finance its acquisition of property & casualty insurance agencies in the Mid-Atlantic, Northeast and Midwest. The financing agreement will be initially for $20 million, and could be as much as $50 million.
Simultaneous with the closing of the financing, Union Bay will close on two additional insurance agency acquisitions, expanding Union Bay’s footprint to New Jersey, Pennsylvania, New York and Indiana. Including these two acquisitions, Union Bay will have acquired 6 independent agencies and grown its revenue and EBITDA more than 2.5x in a year.
The management team of Doug Polley, Patrick Sullivan and Justin Faust, and Board Members Buck Ratchford and Katie Cusack will continue to lead the business. Former Columbia Business School adjunct professor, Steven Mandis, will join the Board of Directors. Polley, Ratchford, Cusack and Mandis previously worked together at Goldman Sachs.
Patrick Sullivan, CEO of Union Bay, said “This investment represents a vote of confidence in Union Bay’s continued progress. Our success to date comes from working closely and collaboratively with our insurance agency partners and our initial investors; now accessing institutional capital is the next step in our growth and evolution.”
Information on Union Bay Risk Advisors LLC can be found at www.unionbayrisk.com/about.
Patrick Sullivan
Union Bay Risk Advisors LLC
email us here
Union Bay Acquisition LLC Acquires Hillsborough, NJ-based Franchino Agency
PRINCETON, N.J. (PRWEB) DECEMBER 14, 2022
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Franchino Agency, Inc. Hillsborough, New Jersey. Terms were not disclosed.
Gabe Frangione, President of Franchino Agency, stated, “we are excited to bring Franchino Agency to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome Franchino Agency to Union Bay,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Gabe and his team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in central New Jersey.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at http://www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Union Bay Acquisition LLC Acquires Bradford, PA-based LaBrozzi Insurance Group
PRINCETON, N.J. (PRWEB) NOVEMBER 8, 2022
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired LaBrozzi Insurance Group, Inc. of Bradford, Pennsylvania. Terms were not disclosed.
Debra LaBrozzi, founder of LaBrozzi Insurance Group, stated, “We are excited to bring LaBrozzi Insurance Group to its next level of growth and development by teaming up with Union Bay.” She added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome LaBrozzi Insurance Group to Union Bay,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Debbie and her team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in the Bradford area.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at http://www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Union Bay Acquisition LLC Acquires Lansdale, PA-based Farrell Insurance Associates Inc.
PRINCETON, N.J. (PRWEB) SEPTEMBER 21, 2022
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed.
Jerry Farrell, founder of Farrell Insurance Associates, stated, “We are excited to bring Farrell Insurance Associates to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome Farrell Insurance Associates to Union Bay,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Farrell’s team is a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in the greater Philadelphia area.”
About Union Bay Acquisition
Union Bay Acquisition LLC owns property-casualty insurance agent Union Bay Risk Advisors LLC, and acquires small insurance agencies in the Northeast and Midwest. More information on Union Bay can be found at http://www.unionbayrisk.com.
For more information about this press release, contact Patrick Sullivan of Union Bay Acquisition at psullivan@unionbayrisk.com.
Union Bay Risk Advisors joins the ANE Network of Agencies
MONMOUTH JUNCTION, N.J. (ANE) JULY 26, 2022
Welcome to Our Newest Members of 2022
ANE would like to welcome and announce our newest members of 2022.
Please welcome:
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All Insure LLC of New Brunswick, NJ
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J. Pappas Insurance Agency of Little Falls, NJ
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Union Bay Risk Advisors of Princeton, NJ
"Union Bay Risk Advisors joined ANE because ANE gives us access to a tremendous number of insurance markets that wouldn’t otherwise be available to us. Also, from a financial point of view, there is no arguing with the enhanced commissions that ANE provides. We are very excited to be working with ANE and look forward to a mutually beneficial relationship," commented Patrick Sullivan, President of Union Bay Risk Advisors LLC.
ANE, Agency Network Exchange, LLC is a regional network with an innovative and flexible model that responds to the individual needs of independent agencies of all sizes.