Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, on Wednesday said it acquired LaBrozzi Insurance Group Inc. of Bradford, Pennsylvania.
Terms of the deal 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,” Douglas Polley, chairman of Union Bay Acquisition said. “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.”
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.