GLENS FALLS — The insurance coverage agency Jaeger & Flynn, which has an workplace in Glens Falls, has been acquired by Poughkeepsie-based Marshall & Sterling.
Jaeger & Flynn had been on the lookout for a associate for various years. President and CEO Tom Flynn and Govt Vice President Kurt Jaeger had begun conversations in regards to the acquisition a number of months in the past, based on Deke Rothacker, senior vice chairman and director of communications for Marshall & Sterling.
“We’re a 100% employee-owned firm, which they discovered very attention-grabbing and it presents an incredible benefit for his or her present staff. All of their staff are coming over as a part of the acquisition,” Rothacker mentioned.
Phrases of the deal weren’t disclosed.
Marshall & Sterling has 35 workplaces throughout 5 states in addition to the U.S. Virgin Islands. With the 85 staff from Jaeger and Flynn, it is going to have 550 staff and revenues in extra of $100 million.
Marshall & Sterling, which was based in 1864, gives totally different traces of insurance coverage together with industrial, property and casualty, third-party administration companies, human sources, administration, private insurance coverage, wealth administration, monetary planning, danger administration and loss management companies, based on a information launch.
“We’re very giant however now we have native companies which might be managed and run by native management. It’s form of the perfect of each worlds,” Rothacker mentioned.
— to poststar.com
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