M&A Deal Summary

Choice Insurance Agency Acquires Parker Reigle Insurance Agency

On September 27, 2022, Choice Insurance Agency acquired insurance company Parker Reigle Insurance Agency

Acquisition Highlights
  • This is Choice Insurance Agency’s 8th transaction in the Insurance sector.
  • This is Choice Insurance Agency’s 8th transaction in the United States.
  • This is Choice Insurance Agency’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2022-09-27
Target Parker Reigle Insurance Agency
Sector Insurance
Buyer(s) Choice Insurance Agency
Deal Type Add-on Acquisition

Target

Parker Reigle Insurance Agency

Chesapeake, Virginia, United States
Parker Reigle Insurance Agency is a full-service agency offering property and casualty, business, bonds, life and health insurance. Parker Reigle Insurance Agency is based in Chesapeake, 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 8 of 9
Sector (Insurance) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (Virginia) 3 of 3
Country (United States) 8 of 9
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 R. Stephens Financial

Ridgewood, New Jersey, United States

R. Stephens Financial is an employee benefits consulting and brokerage firm that provides a full range of quality insurance and financial services for both organizations and individuals. R. Stephens Financial is based in Ridgewood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Schlather Insurance Agency

Elyria, Ohio, United States

Schlather Insurance Agency is a full-service insurance agency providing property and casualty, business, and life and health insurance to its clients. Schlather Insurance Agency was founded in 1943 and is based in Elyria, Ohio.

Buy -