M&A Deal Summary

Choice Insurance Agency Acquires Advanced Benefit Strategies of Virginia

On May 19, 2021, Choice Insurance Agency acquired insurance company Advanced Benefit Strategies of Virginia

Acquisition Highlights
  • This is Choice Insurance Agency’s 1st transaction in the Insurance sector.
  • This is Choice Insurance Agency’s 1st transaction in the United States.
  • This is Choice Insurance Agency’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-05-19
Target Advanced Benefit Strategies of Virginia
Sector Insurance
Buyer(s) Choice Insurance Agency
Deal Type Add-on Acquisition

Target

Advanced Benefit Strategies of Virginia

Virginia Beach, Virginia, United States
website
Advanced Benefit Strategies of Virginia is a comprehensive benefits consulting agency that provides expertise and access to Medical, Dental, Life, Disability, and other ancillary benefit products for clients.

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Buyer(S) 1

Buyer

Choice Insurance Agency

Virginia Beach, Virginia, United States

website

Category Company
Founded 1998
Sector Insurance
DESCRIPTION

Choice Insurance Agency is an insurance broker and industry leader that specializes in delivering strategic support for the profitable growth of property & casualty, life, health, and employee benefits insurance agencies. Choice Insurance Agency was formed in 1998 and is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 1 of 9
Sector (Insurance) 1 of 9
Type (Add-on Acquisition) 1 of 9
State (Virginia) 1 of 3
Country (United States) 1 of 9
Year (2021) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Ashley & Associates

Norfolk, Virginia, United States

Ashley & Associates is a full-service insurance agency offering property and casualty, life, and health insurance to individuals and businesses. Ashley & Associates is based in Norfolk, Virginia.

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