Inszone strengthens Washington’s foothold with major acquisition | Insurance business America
It’s the company’s second deal in less than a week
Insurance News
By Kenneth Araullo
Just days after a major deal in California, national brokerage Inszone Insurance Services is now turning its attention to Washington state with the acquisition of Tri-Cities Insurance Professionals, LLC, a brokerage agency based in Pasco, Washington.
Tri-Cities Insurance Professionals was founded on January 1, 2012 by Craig Baumgartner, Gerald Tobias, Darwin Walter and Jorge Torres to fill the service gaps left by captive agencies and large brokerage houses.
Since its inception, the agency has focused on providing affordable lifecycle insurance products from top-rated national and regional companies, targeting customers and small business owners.
The acquisition also represents significant expansion for Inszone Insurance Services, particularly in the Washington market, and strengthens its presence on the West Coast.
“We are truly excited to bring Tri-Cities Insurance Professionals, LLC into the fold of Inszone Insurance,” said Chris Walters, CEO of Inszone. “Joining forces with such a respected team not only strengthens our presence in the dynamic Washington market, but also strengthens our position as a leading insurance provider on the West Coast. This partnership is a testament to our commitment to providing our customers with exceptional service and tailored solutions in an ever-changing environment.”
For the Tri-Cities Insurance Professionals team, the acquisition opens up new opportunities for growth and service delivery. Baumgartner and Tobias, along with their team, expressed excitement about the benefits of partnering with a larger company like Inszone Insurance Services. They expect this new relationship to enhance their ability to serve customers with innovative and effective insurance solutions.
Tri-Cities Insurance Professionals customers can also enjoy a smooth transition with the promise of ongoing commitment and personalized service. Meanwhile, Inszone is focused on further expanding its national presence and improving its offering across various industries.
The transaction was facilitated by Helfer & Associates LLC, which served as exclusive agent and strategic advisor to Tri-Cities Insurance Professionals.
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2024-05-03 14:47:33
www.insurancebusinessmag.com
