M&A Deal Summary

JGS Insurance Acquires John Manougian Insurance Agency

On September 17, 2019, JGS Insurance acquired insurance company John Manougian Insurance Agency

Acquisition Highlights
  • This is JGS Insurance’s 1st transaction in the Insurance sector.
  • This is JGS Insurance’s 1st transaction in the United States.
  • This is JGS Insurance’s 1st transaction in Maryland.

M&A Deal Summary
Date 2019-09-17
Target John Manougian Insurance Agency
Sector Insurance
Buyer(s) JGS Insurance
Deal Type Add-on Acquisition

Target

John Manougian Insurance Agency

Silver Spring, Maryland, United States
John Manougian Insurance Agency, Inc. is an independent agency and offers a full spectrum of insurance services for community associations, including professional insurance management, risk evaluation, loss prevention and risk management services, and claims analysis. John Manougian Insurance Agency, Inc. was founded in 1970 and is based in Silver Spring, Maryland.

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Buyer(S) 1

Buyer

JGS Insurance

Holmdel, New Jersey, United States
Category Company
Founded 1919
Sector Insurance
DESCRIPTION

Jacobson, Goldfarb & Scott, Inc. is an independent insurance agency that offers business, personal and employee benefits services. Jacobson, Goldfarb & Scott, Inc. was founded in 1919 and is based in Holmdel, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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