M&A Deal Summary

Choice Insurance Agency Acquires Ashley & Associates

On November 30, 2021, Choice Insurance Agency acquired insurance company Ashley & Associates

Acquisition Highlights
  • This is Choice Insurance Agency’s 2nd transaction in the Insurance sector.
  • This is Choice Insurance Agency’s 2nd transaction in the United States.
  • This is Choice Insurance Agency’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2021-11-30
Target Ashley & Associates
Sector Insurance
Buyer(s) Choice Insurance Agency
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Choice Insurance Agency

Virginia Beach, Virginia, United States

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 2 of 9
Sector (Insurance) 2 of 9
Type (Add-on Acquisition) 2 of 9
State (Virginia) 2 of 3
Country (United States) 2 of 9
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Advanced Benefit Strategies of Virginia

Virginia Beach, Virginia, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Bernier Insurance

Rochester, New Hampshire, United States

Bernier Insurance is a full-service insurance agency providing comprehensive knowledge of personal and commercial insurance lines. Bernier Insurance is based in Rochester, New Hampshire.

Buy -