LANSDALE, PA — Union Bay Acquisition LLC, a prominent aggregator of insurance agencies based in Lansdale, Pennsylvania, has announced the recent acquisition of Commercial Brokers of America, located in West Orange, New Jersey. While the terms of the transaction remain undisclosed, the merger is set to bring new growth opportunities and enhanced services for stakeholders.
Curtis Babb, President of Commercial Brokers of America, expressed enthusiasm about the acquisition. “We are excited to bring Commercial Brokers of America to its next level of growth and development by teaming up with Union Bay,” Babb said. He added that the partnership would benefit all stakeholders, including their insureds and insurance company partners.
Commercial Brokers of America is renowned for its profound knowledge and extensive contacts in commercial property-casualty insurance. The acquisition will not only expand Union Bay’s portfolio but also introduce a new layer of expertise, particularly in the New Jersey market.
Douglas M. Polley, Chairman of Union Bay Acquisition, welcomed the New Jersey-based firm into the fold. “Commercial Brokers of America has deep knowledge and contacts in commercial property-casualty insurance, and we are excited to augment our portfolio with their expertise in New Jersey,” Polley stated.
The acquisition underscores Union Bay’s strategic expansion efforts and commitment to enhancing its service offerings. By leveraging Commercial Brokers of America’s expertise, the company aims to solidify its position in the insurance sector and provide comprehensive solutions to its clientele.
As this merger unfolds, it sets the stage for an exciting new chapter for both Union Bay Acquisition and Commercial Brokers of America. With their combined strengths, they are poised to deliver superior value to their stakeholders and redefine their standing in the competitive insurance landscape.
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