MarshBerry Serves As Financial Advisor In The Development Of Oakbridge Coverage Company
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WOODMERE, Ohio, Jan. 4, 2021 /PRNewswire/ — Marsh, Berry & Firm (“MarshBerry”) is very pleased to have served as the financial investment banking and consulting company to 4 of Georgia’s leading insurance plan brokers, Founders Insurance policies, Hutchinson Traylor Insurance policies, McGinty-Gordon & Associates, and Waites & Foshee, as they incorporate to variety Oakbridge Insurance policies Company (“Oakbridge”). The transaction shut on December 31, 2020.
The 4 corporations have partnered to develop Oakbridge which is now just one of the greatest privately-owned Insurance policies, Surety, Hazard Administration and Staff Added benefits companies in the Southeast as well as turning out to be just one of the country’s “Top 100” agencies as rated by Small business Insurance policies. As section of the transaction Corsair Funds, LLC, has built a strategic financial commitment in Oakbridge. In addition, industry veteran Robbie Smith, has been named as the Chief Government Officer of the freshly fashioned organization.
“We are honored to have been the financial investment banking agency brokering this substantial transaction,” reported Phil Trem, President – Economic Advisory of Marsh, Berry & Company. “It is good to see corporations that share shopper-centered philosophies keep on to try to enrich their nearby methods and appear collectively to extend their growth opportunities to generate price for their customers. We aid Oakbridge and are excited to abide by its undoubtedly dazzling future.”
MarshBerry is no stranger to transactions that convey jointly numerous unbiased agencies as this is the 3rd transaction of this mother nature in the very last six years. Oakbridge joins Patriot Growth Insurance policies Services, LLC (“Patriot”) and Alera Group, Inc. (“Alera”) as substantial, multi-firm transactions MarshBerry has served generate. MarshBerry is an marketplace chief in sourcing and valuing companies, brokering person transactions and helping in vetting monetary resources.
Terms of the transaction have been not disclosed.
About MarshBerry
Established in 1981, MarshBerry serves the Insurance policies Brokerage marketplace, which include insurance coverage brokers & brokers, specialty distributors, private fairness firms, banking institutions & credit history unions and insurance coverage carries, through industry-precise expert services that contain: Merger & Acquisition Advisory, Personal debt & Equity Money Boosting, Organic and natural Growth Consulting, Intellectual Money and Connect–Peer Exchange Network. Master more www.MarshBerry.com.
*Investment banking services supplied via MarshBerry Money, Inc., Member FINRA and SIPC, and an affiliate of Marsh, Berry & Co., Inc.
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