M&A Deal Summary

Northwest Bank Acquires Best Insurance Agency

On March 22, 2016, Northwest Bank acquired insurance company Best Insurance Agency

Acquisition Highlights
  • This is Northwest Bank’s 1st transaction in the Insurance sector.
  • This is Northwest Bank’s 1st transaction in the United States.
  • This is Northwest Bank’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-03-22
Target Best Insurance Agency
Sector Insurance
Buyer(s) Northwest Bank
Deal Type Add-on Acquisition

Target

Best Insurance Agency

Wyckoff, New Jersey, United States
Best Insurance Agency, Inc. is an employee benefits and property casualty insurance firm.

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Buyer(S) 1

Buyer

Northwest Bank

Lake Oswego, Oregon, United States

Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Northwest Bank is a full-service financial institution offering a complete line of personal and business banking products including commercial and small business loans, cash management services, oil, gas and mineral management services, employee benefits, investment management, insurance and trust.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1