National
Lincoln International, MarshBerry
Lincoln International, a global investment banking advisory firm, said it has a definitive agreement to acquire MarshBerry, an advisory firm serving the insurance brokerage, insurance distribution, and wealth management sectors for over 40 years.
MarshBerry operates across six U.S. cities and three international locations in Europe, serving a dedicated client base of private, independent brokers and wealth management firms.
Terms of the deal were not disclosed. The acquisition closing is subject to standard regulatory approvals.
Tropolis Acquires Eight Michigan, Texas and Louisiana Agencies
Tropolis Insurance Services, headquartered in Ann Arbor, Michigan, acquired eight agencies across the United States. Each agency will operate under the Tropolis brand moving forward.
Employees from all eight agencies will participate in the company’s employee purpose plan, an equity incentive program that ensures every team member benefits from Tropolis’ future growth and value creation. Terms of the transactions were not disclosed.
Tropolis acquisitions in Michigan include Warrendale Insurance Agency in Livonia, U.P. Insurance Agency in Iron Mountain, Entrust Insurance and Financial Services in St. Clair Shores, and Canopy Insurance Group in Birmingham.
Texas acquisitions include Infiniti Insurance Services in Spring and King Phillips Insurance in Houston.
Louisiana acquisitions include Beasley Keith Insurance and Safe Harbor Insurance, both in Bossier City.
East
World Insurance Associates, William P. Smart Associates
World Insurance Associates LLC acquired the business of William P. Smart Associates of Fairfield, New Jersey. Terms of the transaction were not disclosed.
William P. Smart’s niche is the entertainment industry. The agency focuses primarily on commercial insurance, with some personal and employee benefits business.
World Insurance, based in Iselin, New Jersey, serves clients from more than 300 offices across the U.S. and U.K.