ONI Risk Partners acquires Green Owens Insurance; agencies join forces to offer business and personal insurance backed by Prime Risk Partners

(Indianapolis, Ind. – July 1, 2017)  ONI Risk Partners (“ONI”), one of the Midwest’s largest independent insurance brokers, will acquire Franklin, IN based Green Owens Insurance (“Green Owens”), a leading privately-owned Indiana agency since 1979. The Green Owens team joins ONI’s 300+ insurance professionals serving business and individual clients throughout Indiana, Illinois and Kentucky.

“Green Owens has succeeded for 38 years with an unshakable reputation for customer service and support,” said Tom Flynn, ONI President & CEO. “In exploring this partnership with Jim Wise, Connie Hawkins and their team, we saw potential to help them continue their growth with stronger regional and national backing, while building our core business and capitalizing on providing expanded services within specific industry segments, where both firms share expertise.”

“This is an exciting opportunity to join a dynamic regional and national organization that reflects the same values that made us successful,” agreed Jim Wise, partner and principal agent of Green Owens. “While our clients will continue to work with the account executives and service teams they know and trust, being part of a larger organization will provide access to a fully developed platform of commercial, employee benefits, and personal risk management services.”

“Green Owens is a great agency that blends well with our culture of highly personalized service delivery and we look forward to giving them the resources to do even more,” finished Flynn. “This will be a productive, positive partnership for both our agencies and our customers.”

In partnering with ONI, Green Owens also joins the national platform of Prime Risk Partners (“PRP”).  PRP is among the industry’s fastest-growing firms, building a national platform founded with leading regional agencies like ONI and Green Owens that seek expansion through local management and market knowledge with access to the resources of a dynamic national organization.

“We’re pleased that ONI has found a quality partner in Green Owens to further its growth in its region,” said Bret Quigley, Chairman and CEO of Prime Risk Partners. “This partnership exemplifies a key component of our strategy for strong and sustainable growth – bringing together customer focused agencies that can reach the next level by embracing our platform.”

With regional brokerages like ONI and New York / New Jersey based Cook Maran, PRP has seen rapid growth with a deliberate expansion strategy; PRP leapt from 86th to 50th on the Business Insurance ‘Top 100 Business Brokers’ ranking (2015 to 2016) and made a solid debut at 28th on Insurance Journal’s 2016 list of Top 100 Property/Casualty Agencies and 23rd on its list of Top 50 Personal Lines Agencies.

About ONI Risk Partners

Headquartered in Indianapolis with offices across the Midwest, ONI Risk Partners is one of the largest insurance agency operations in the Midwest, insuring thousands of individuals and businesses regionally, nationally and internationally. ONI Risk Partners became part of the Prime Risk Partners family in 2016. Joining Prime Risk Partners allows us to provide our clients with a broader array of services and resources, expanded specialty offerings, greater market access, and the comfort of knowing we have the strength of our thriving national organization supporting us. For more information, please visit www.onirisk.com.

About Green Owens Insurance Agency

Founded in 1979, the Green Owens Insurance Agency has built their reputation as a leading privately owned independent insurance agency headquartered in Franklin, Indiana. The firm’s success relies on an experienced team of professionals, trusted advisory service to clients and a long-standing reputation for conducting business based upon principles of trust, reliability, unbiased service, team, and honor. For more information, please visit www.green-owensins.com.

 

 

Cook Maran acquires Gundermann & Gundermann; agencies join forces to offer business, personal, auto dealer insurance across Metro New York

Top 25 New York agency joins Cook Maran and the Prime Risk Partners platform; Gundermann adds customer resources, sees auto dealership expansion opportunity

(April 3, 2017) East Hampton and Huntington, NY – Cook Maran & Associates (“Cook Maran”), one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann (“Gundermann”), a third-generation, family-owned company that’s grown into a top 25 New York insurer since it was founded in 1937. Both agencies offer commercial, personal and employee benefit policies to individual and business clients; Gundermann specializes in insurance for franchised car dealers and through its continuing partnership with Direct Dealer Services provides F&I (Finance and Insurance) products to their dealer clients.

This is Cook Maran’s second recent partnership with an area agency, having acquired New Jersey-based Mintz, Girgan & Brightly (MGB) in January. As in that deal, Gundermann & Gundermann will continue to do business under the ‘Gundermann’ name, with existing management and staff continuing in their current roles. Customers will work with familiar faces in the agency’s Huntington office, with the added expertise and convenience of the combined agency’s 200+ professionals at six offices across the tri-state area.

“Gundermann & Gundermann has succeeded for 80 years with an unshakable reputation for customer service and support,” said Len Scioscia, Chairman and CEO of Cook Maran. “In exploring this partnership with Joe and Tom Gundermann and their team, we saw potential to help them continue their growth with stronger regional and national backing, to build our core business across the region, and capitalize on their unique services to car dealers.”

“Since my grandfather started the business in Brooklyn in 1937, we’ve made our mark as a family company that treats its clients like family,” agreed Joseph Gundermann, President & CEO. “In teaming up with Len and Cook Maran, we’re part of a bigger ‘family’ that shares our values and commitment to providing even better service to our customers.”

In merging with Cook Maran, Gundermann also joins the national platform of Prime Risk Partners (“PRP”). PRP is among the industry’s fastest-growing firms, building a national platform founded with leading regional agencies like Cook Maran and Gundermann that seek expansion through local management and market knowledge with access to the resources of a dynamic national organization.

“By joining Cook Maran and Prime Risk’s New York metropolitan area platform, we’ve found regional and national partners that understand how we do business and can help us protect even more people, employers and dealerships with competitive coverage and superior claim service,” added Gundermann. “It’s a ‘win-win’ opportunity for our agency and our clients, who ultimately benefit from enhanced services and better bargaining clout with carriers.”

In addition to covering the property and casualty needs of auto dealers, Gundermann also offers, through its continuing partnership with Direct Dealer Services, F&I products to their dealer customers that both enhance their relationship and generate additional revenue for their dealers

Gundermann also provides a 35-year track record of serving area non-profit organizations, addressing the exposures faced by these organizations and their boards.

“Gundermann is a great agency that brings some unique services to the marketplace, and we look forward to giving them a broader platform to do even more,” finished Scioscia. “This will be a productive, positive partnership for both our agencies and the Prime Risk Partners platform.”

“We’re pleased that Cook Maran continues to build our New York metropolitan area presence with growth-minded, customer-focused agencies like MGB and now Gundermann & Gundermann,” said Bret Quigley, Chairman and CEO of Prime Risk Partners. “Nationally, we’re aiming for strong and sustainable growth – that means a thoughtful strategy for finding the right partners, working with leading brokers that can reach the next level by embracing a national platform.”

With regional brokerages like Cook Maran and Indianapolis-based ONI Risk Partners (acquired as a Midwest partner in 2016), PRP has seen rapid growth with a deliberate expansion strategy; PRP leapt from 86th to 50th on the Business Insurance ‘Top 100 Business Brokers’ ranking (2015 to 2016) and made a solid debut at 28th on Insurance Journal’s 2016 list of Top 100 Property/Casualty Agencies and 23rd on its list of Top 50 Personal Lines Agencies.

About Cook Maran

Cook Maran, which traces its roots to 1946, has over 160 employees in 5 offices in New York and New Jersey. Its focus on being a trusted advisor to its business and individual clients has allowed it to enjoy outstanding growth, and it is now one of the leading independent insurance agencies in the New York metro area. For more information, please visit www.cookmaran.com.

About Gundermann & Gundermann

Gundermann & Gundermann is a top 25 metropolitan New York insurance agency (Crain’s New York Business), founded in 1937 and led today by the third generation of the Gundermann family. The firm’s 40+ sales and service personnel focus on the specialized needs of their customers, from a single auto or life policy to comprehensive personal or commercial coverage, addressing the varied challenges of automotive dealerships, non-profit groups, and other business and individual clients. Visit www.gundermann.com for more.

Cook Maran acquires Mintz, Girgan & Brightly; leading New York-New Jersey brokers join forces, backed by Prime Risk Partners

Mintz, Girgan & Brightly brings experienced team, 90-year New Jersey history to Cook Maran & Associates as Prime Risk Partners’ Northeast presence expands

 

(January 4, 2017) East Hampton, NY and Rochelle Park, NJCook Maran & Associates (“Cook Maran”), one of New York and New Jersey’s largest insurance brokers, will acquire Mintz, Girgan & Brightly Inc. (“MGB”), a leading privately-owned New Jersey agency since 1925.  The MGB team joins Cook Maran’s five offices and 160+ insurance professionals serving business and individual clients across Long Island, New Jersey, Southeastern Pennsylvania and Connecticut, expanding regional resources and expertise backed by the national platform of Prime Risk Partners (“PRP”).

“MGB is a thriving agency because Bill Brightly and his team have earned the confidence of their clients, hired and developed great people and made a strong civic commitment to Northern New Jersey,” said Len Scioscia, Chairman and CEO of Cook Maran. “We do business the same way, so this philosophy of building long-term relationships by offering superior service and unparalleled expertise in the tri-state region won’t change.”

“This is an exciting opportunity to join a dynamic regional and national organization that reflects the same values that made us successful,” agreed Brightly, who has served as president of MGB for nearly thirty years.  “While our clients will continue to work with the account managers they know and trust, being part of a larger organization will afford them additional resources such as enhanced claims services, broader market access and greater bargaining power with carriers.”

Cook Maran is the PRP New York metropolitan area platform. Cook Maran’s acquisition of MGB closed on Tuesday, January 3rd.  The firm will continue to do business as Mintz, Girgan & Brightly for the near term.  MGB’s executive and account staff – averaging more than twenty years of experience – will continue in their current roles.

Cook Maran’s strong performance and pending MGB partnership further affirm PRP’s strategy of expansion through thoughtful acquisitions. In addition to Cook Maran, it acquired Indianapolis-based ONI Risk Partners as a primary Midwestern platform in 2016.  PRP is among the industry’s fastest-growing firms, leaping from 86th to 50th on the Business Insurance ‘Top 100 Business Brokers’ ranking (2015 to 2016), and making a solid debut at 28th on Insurance Journal’s 2016 list of Top 100 Property/Casualty Agencies and 23rd on its list of Top 50 Personal Lines Agencies.

“We’re very pleased with our trajectory, and remain focused on sustained success through a strong national platform,” said Bret Quigley, Chairman and CEO of Prime Risk Partners.  “That doesn’t always mean making more deals, but choosing the right partners – leading regional operators that are eager to expand and find new partners like MGB.

“Cook Maran, ONI and MGB share a proven track record of growth, a stellar reputation in the marketplace and strong connections across the communities they serve,” Quigley added.  “Our aim is to accelerate the formula that’s made them successful.”

 

About Cook Maran

Cook Maran, which traces its roots to 1946, has over 160 employees in 5 offices in New York and New Jersey.  Its focus on being a trusted advisor to its business and individual clients has allowed it to enjoy outstanding growth, and it is now one of the leading independent insurance agencies in the New York metro area.  For more information, please visit www.cookmaran.com.

About MGB Insurance

Founded in 1925, Mintz Girgan & Brightly (MGB) is one of the leading privately owned insurance brokers in New Jersey. The firm’s success relies on an experienced team of professionals, trusted advisory service to clients and long-standing connections to a broad array of insurance carriers.  MGB is a place where the best clients can be matched with the best carriers; for more information, please visit www.mgbinsurance.com.

 

Prime Risk Partners Closes Acquisition of Old National Insurance

Atlanta, GA, July 7, 2016Prime Risk Partners Inc. (the “Company”) today announced it completed its previously announced agreement dated April 30, 2016, to acquire Old National Insurance (“ONI”), one of the largest independent insurance agencies in the Midwest, as well as its subsidiaries JWF Specialty Co. and Employee Plans, LLC.  ONI is now operating under the name ONI Risk Partners and will maintain its significant presence in its local markets throughout Indiana, Kentucky and Illinois.  JWF Specialty Co. and Employee Plans, LLC will continue to operate under their respective names and service their clients from their current locations.  All operations plan to expand.

“Closing the transaction marks the beginning of our partnership with Tom Flynn and his team to grow the ONI platform, including JWF Specialty and Employee Plans” said Bret Quigley, Chairman and CEO of Prime Risk Partners.  “We are thrilled to be in business with the ONI team.”

 

About ONI

Since 1992, ONI has provided service and insurance solutions tailored to our clients’ needs. From business, personal, and employee benefit insurance needs to claims administration services and alternative risk management consulting, you can count on the ONI  team of professional insurance advisors to provide hands-on attention and worry-free claims service. ONI has over 270 employees in offices throughout Indiana and in Louisville, KY and Danville, IL.  ONI is the 78th largest broker in the United States per Business Insurance as well as one of the leading insurance agencies in the Midwest.  For more information, please visit www.onirisk.com.

Prime Risk Partners to Acquire Old National Insurance

Atlanta, GA, May 2, 2016Prime Risk Partners Inc. (the “Company”) today announced it entered into an agreement to acquire Old National Insurance (“ONI”), one of the largest independent insurance agencies in the Midwest.  ONI will operate under the name ONI Risk Partners and will retain all of its offices, with plans to expand. The ONI leadership team and employees will continue in their current roles. Prime Risk Partners will also acquire ONI subsidiaries JWF Specialty Co. and Employee Plans, LLC.  The transaction is expected to close by the end of the second quarter of 2016 and is subject to customary closing conditions.

As Prime Risk Partners’ first strategic acquisition in the Midwest, ONI provides the Company with a strong regional insurance brokerage platform that the Company plans to grow both organically and through acquisitions of complementary firms.

“We are extremely excited to partner with Tom Flynn and his team to grow the ONI platform,” said Bret Quigley, Chairman and CEO of Prime Risk Partners.  “ONI is known for excellence when it comes to insurance distribution, claims management, and specialty services – both in the Midwest as well as nationally.  We welcome the ONI staff and clients to the Prime Risk Partners team.”

“We are thrilled about joining forces with Prime Risk Partners, which will allow us to grow our company rapidly,” said Tom Flynn, CEO of ONI.  “Old National Bank was an excellent corporate parent.  While it was the right time to close the bank ownership chapter of our story, we are excited to continue serving the bank as its insurance advisor for many years to come. We are honored that the bank also selected us as its marketing partner to continue to provide insurance products and services to Old National Bank clients.  We look forward to building a national organization with our new partners.”

 

About ONI

Since 1992, ONI has provided service and insurance solutions tailored to our clients’ needs. From business, personal, and employee benefit insurance needs to claims administration services and alternative risk management consulting, you can count on the ONI  team of professional insurance advisors to provide hands-on attention and worry-free claims service. ONI has over 270 employees in offices throughout Indiana and in Louisville, KY and Danville, IL.  ONI is the 78th largest broker in the United States per Business Insurance as well as one of the leading insurance agencies in the Midwest.

Prime Risk Partners Announces Scot Kees Has Joined As General Counsel

Atlanta, GA – December 15, 2015 – Prime Risk Partners today announced that Scot Kees has joined the company as Executive Vice President and General Counsel. The company, headquartered in Atlanta, GA, is building a superior national insurance distribution platform through selective acquisitions, strategic new hires, and excellence in operations.

“We are excited to welcome Scot to our senior management team,” said Bret Quigley, Prime Risk Partners Chairman and CEO. “Scot’s background in representing high growth and highly acquisitive companies is a great match for Prime Risk Partners.  Scot also brings a wealth of experience as a hands-on General Counsel, having efficiently managed the legal function and supported growing sales and service teams in his prior positions.  We look forward to his many contributions.”

Scot’s career has focused on assisting middle-market and high growth clients meet their complex business goals, including substantial experience in M&A and capital raising transactions. Most recently, Scot served as Executive Vice President and General Counsel of TransCentra, Inc., a technology and billing/payments processing outsourcer for clients in heavily regulated industries.  Prior to that, Scot served as Senior Vice President and General Counsel of Goldleaf Financial Solutions, a Nasdaq-listed technology solutions provider.  In these positions, Scot managed M&A activities and oversaw legal, human resources, information security, compliance and risk, development and information technology functions and maintained responsibility for corporate governance.  Scot began his career as a partner with the corporate team of Nelson Mullins Riley & Scarborough, practicing from the Atlanta and Washington, DC offices.

Scot can be reached via telephone at 404-285-6706 as well as via e-mail at skees@primeriskpartners.com.

Prime Risk Partners Announces Bob Schneider Has Joined As Chief Financial Officer

Atlanta, GA, November 23, 2015 – Prime Risk Partners today announced that Robert (Bob) Schneider has joined the company as Executive Vice President and Chief Financial Officer. The company, headquartered in Atlanta, GA, is building a superior national insurance distribution platform through selective acquisitions, strategic new hires, and excellence in operations.

“We are pleased to add an executive of Bob’s caliber and experience to our senior management team,” said Bret Quigley, Prime Risk Partners Chairman and CEO. “He brings a wealth of industry experience, having led the financial function at several of the top insurance brokers. With the addition of Bob to our team, we are well positioned to deliver on our commitment to building a truly superior national insurance distribution platform.”

Bob has held senior financial executive roles, including CFO, at Ascension Insurance, Inc., USI Holdings, Inc., Anthem, Inc. and Acordia, Inc. amongst others. He has managed the financial function through rapid growth, led IPOs, LBOs and recapitalizations, as well as played key roles in over 100 acquisitions in the insurance industry. Bob brings to Prime Risk Partners an operationally focused and highly experienced CFO that will work closely with operating leadership.

Bob can be reached via telephone at (914) 512 8558 as well as via e-mail at bschneider@primeriskpartners.com.

Prime Risk Partners Acquires Cook Maran & Associates

Atlanta, GA, June 8, 2015Prime Risk Partners Inc. (the “Company”) today announced the acquisition of Cook Maran & Associates, Inc. (“Cook Maran”), one of the largest independent insurance agencies in New York and New Jersey.  Cook Maran will continue to operate under the name Cook Maran & Associates, Inc. and will retain all five offices in New York and New Jersey, with plans to expand.  The Cook Maran leadership team and employees will continue in their current roles. Financial terms of the transaction were not disclosed.

As Prime Risk Partners’ first strategic acquisition, Cook Maran provides the Company with a strong regional insurance brokerage platform that the Company plans to grow both organically and through acquisitions of property and casualty and employee benefits firms.

“We are extremely excited to partner with Len Scioscia and his team to build out a robust platform in the tri-state market,” said Bret Quigley, Chairman and CEO of Prime Risk Partners.  “Cook Maran has a proven track record of outstanding growth, and we look forward to accelerating its growth and geographic expansion.  We welcome the Cook Maran staff and clients to the Prime Risk Partners team.”

“We are thrilled about our new partnership with Prime Risk Partners, which will allow us to take our company to the next level,” said Len Scioscia, Chairman and CEO of Cook Maran.  “They allowed us to achieve some liquidity while providing our company with the financial and strategic resources to continue our historic growth trajectory via acquisitions and the hiring of talented employees.  In addition, the structure of Prime Risk Partners will allow the current Cook Maran shareholders to continue to participate in the growth and financial success of the new company.”

 

About Cook Maran

Cook Maran, which traces its roots to 1946, has over 160 employees in 5 offices in New York and New Jersey.  Its focus on being a trusted advisor to its business and individual clients has allowed it to enjoy outstanding growth, and it is now one of the leading independent insurance agencies in the New York metro area.  For more information, please visit www.cookmaran.com.

Prime Risk Partners Announces Another Key Senior Executive Hire

Atlanta, GA, November 11, 2014 – Prime Risk Partners today announced that Matthew McKenna has joined the company as Senior Vice President. The company, headquartered in Atlanta, GA, is building a superior national insurance distribution platform through selective acquisitions, strategic new hires, and thoughtful operations.

“We are excited to have Matt join the team,” said Bret Quigley, Prime Risk Partners Chairman and CEO. “He brings a wealth of industry experience oriented around sourcing and consummating acquisitions. We look forward to his many contributions toward building a great company.”

Matt began his professional career as an investment banker with Credit Suisse First Boston. He left CSFB in 2001 to join Macquarie Capital’s investment banking division where he was ultimately promoted to Vice President.  At Macquarie, Matt sourced and executed mergers, acquisitions, LBOs and capital raising activities for insurance and insurance services companies, among other responsibilities.  In 2010, Matt joined First Niagara Bank as a Senior Vice President on the Corporate Development team.  In that role, he had lead responsibility for the sourcing, valuation, coordination, and execution of all financial services acquisitions for the bank, including First Niagara Risk Management (“FNRM”), the bank’s insurance agency.  He transitioned to FNRM in 2013 and added operational management of a number of specialty practices to his existing responsibilities.  Matt earned his B.B.A from the University of Notre Dame and holds the Chartered Financial Analyst (CFA) designation.

Matt can be reached via telephone at (716) 777-0264 as well as via e-mail at mmckenna@primeriskpartners.com.

 

 

Prime Risk Partners Announces Key Senior Executive Hire

Atlanta, GA, September 9, 2014 – Prime Risk Partners today announced that industry veteran Steve Germundson has joined the company as Senior Vice President.  Prime Risk Partners, headquartered in Atlanta, GA, is building a superior national insurance distribution platform through selective acquisitions, strategic new hires, and thoughtful operations.

“We are thrilled to have Steve join the team” said Bret Quigley, Chairman and CEO.  “His vast experience will benefit Prime Risk Partners in many ways, particularly in helping source and evaluate potential partners who see the value in joining the next great national insurance distribution platform. We look forward to building a great company together.”

Germundson previously was a founding member of OPTIS Partners, an investment banking and consulting service firm providing expert services to the insurance distribution industry. At OPTIS Partners, Germundson worked with many leading insurance distribution firms and agent/broker association groups in a variety of capacities, including ownership succession planning and internal agency operations. Prior to OPTIS Partners, Germundson founded NSIA, a Minneapolis-based insurance agency where he was responsible for financial and operations management and the firm’s acquisition activity.  He began his career with Hales & Associates.

Steve can be reached via telephone at (612) 718-0598 as well as via e-mail at sgermundson@primeriskpartners.com.

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