CBIZ Acquires Property And Casualty Insurance Agency Prince-Wood Insurance
CLEVELAND, July 8, 2020 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of substantially all of the assets of Prince-Wood Insurance, L.L.C., ("PWI") of Woodbridge, VA, effective July 1, 2020.
Established in 1967, PWI provides property and casualty insurance to small and mid-sized businesses in Northern and Central Virginia, Maryland and Washington, DC. PWI has seven employees and approximately $1.2 million in annual revenue.
Jerry Grisko, President and CEO of CBIZ, stated, "We are pleased to complete the acquisition of Prince-Wood Insurance as part of our ongoing strategy to strengthen our property and casualty insurance business. Despite the impact of the ongoing COVID-19 pandemic, our property and casualty business continues to grow coming off a very strong year of performance in 2019. Prince-Wood is an ideal partner given their long-standing local presence and deep client relationships. We look forward to welcoming them to the CBIZ team."
Mark Rousseau, of PWI, stated, "We are very pleased to partner with CBIZ in the continued evolution of Prince-Wood Insurance. CBIZ's focus on customer service and satisfaction matches our own philosophy, and having access to the products and support that comes with joining a national professional services company, along with our local presence of over 50 years, will be a direct benefit to our valued clients. We are also excited to be able to offer additional workplace benefits to our employees by becoming part of the CBIZ community."
CBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 offices in 31 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S. For more information, visit www.cbiz.com.
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Lori Novickis, Director, Corporate Relations, CBIZ, Inc., Cleveland, Ohio, (216) 447-9000
CBIZ Acquires Alliance Insurance Services, Inc.
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Feb 05, 2020, 17:37 ET
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CLEVELAND, Feb. 5, 2020 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced the acquisition of substantially all the assets of Alliance Insurance Services, Inc., ("AIS") of Washington, DC, effective February 1, 2020.
With roots dating back to 1986, AIS is an independent insurance agency providing property and casualty insurance as well as personal lines to small and mid-sized clients across many industries including charter schools, real estate, construction, and technology in the DC metro area. AIS has nine employees and approximately $1.6 million in annual revenue.
Jerry Grisko, President and CEO of CBIZ, stated, "Coming off another strong year in 2019 for our Property and Casualty Insurance business, the acquisition of AIS adds important talent to our position in the growing DC metro and Maryland markets. We are fortunate that AIS shares our commitment to exceptional client service and look forward to welcoming them to CBIZ."
Ken Daveler of AIS, stated, "Joining the CBIZ family is a natural fit because our core value of providing professional service with a personal touch aligns with CBIZ's approach and culture. We are excited to take our clients' experience to the next level by offering them access to a broader range of services backed by CBIZ's national expertise."
CBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 Company offices in 32 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S. For more information, visit www.cbiz.com.
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FOR IMMEDIATE RELEASE: CONTACT: Stacey Dickson
MICHAEL A. GARGUILO HIRED AS PRESIDENT, NORTHEAST AND MID-ATLANTIC REGIONS, CBIZ Insurance Services, Inc.
PHILADELPHIA (September 5, 2018) — CBIZ today announced the hiring of Michael A. Garguilo as the President of the Northeast and Mid-Atlantic regions of CBIZ Insurance Services, Inc.
Garguilo brings nearly 30 years of insurance experience to CBIZ. He is based in the (metropolitan Philadelphia area office) in Plymouth Meeting, PA office and is responsible for the growth, profit and loss performance of the organization’s property & casualty business in the region. Additionally, Gargiulo will apply his experience with insurance agency mergers and acquisitions as CBIZ examines acquisition opportunities across the United States.
Garguilo earned his Bachelor of Business Administration and Finance from Stetson University. In addition, he completed the Commercial Insurance Operations and Sales MBA curriculum for The Hartford Insurance Group at Babson College.
Mike Gill, president for the National Property & Casualty Practice at CBIZ Insurance Services, Inc., stated, “I am thrilled to add Mike’s talent for providing leadership and team development to CBIZ. His proven track record of building insurance brokerages through acquisition is a tremendous value as we continue our accelerated rate of growth.”
Garguilo said, “CBIZ is known for providing clients with comprehensive, cost-effective risk management solutions while delivering excellent service. It’s exciting to be part of a team with such a consultative client focused approach. I am also looking forward to helping CBIZ grow by showing agency owners who are thinking about selling or merging their insurance firm how CBIZ can provide a rewarding option for them, their clients and their staff.”
CBIZ, Inc. provides professional business services that help clients better manage their finances, employees and insurance needs. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government healthcare consulting, risk advisory, and valuation services. Benefits and insurance services include group health benefits consulting, property and casualty insurance, retirement plan consulting, payroll, and HR consulting. As a leading provider of accounting, insurance and other professional consulting services to businesses throughout the United States, the Company’s services are provided through more than 100 Company offices in 33 states. For more information, please visit www.cbiz.com.