AHT Insurance, a Virginia-based property and casualty brokerage and consulting firm, has today announced its acquisition of Mason & Mason Insurance (Mason).
Mason, which has offices in Whitman, MA, and North Conway, NH, has been in business for more than 40 years, delivering P&C insurance programs to fit the needs of businesses and individuals. The brokerage has a focus on niche businesses and is recognized as a specialist service provider for venture capital, technology and life science firms. It is also one of the largest providers of insurance to custom home builders and remodelers in Massachusetts and is the managing agent for Builders and Remodelers Association of Massachusetts sponsored insurance program.
AHT and Mason are well-known to each other and they share similar strategies and areas of focus. They are two of the founding agencies of TechAssure, a non-profit association dedicated to advancing corporate insurance and risk management for technology, life science and venture capital related risks. AHT president and CEO David Schaefer expressed his excitement about the synergies to come.
“The thoughtfulness and innovation Phil and Pam Mason display, along with their amazing team, will complement AHT’s core values and add notable expertise to some of our deepest areas of specialization,” he said. “We’re excited about what the future holds with Mason as an integral part of AHT and for the opportunities this presents for our clients, staff and partners.”
Phil Mason, Mason & Mason president, added: “We’ve been successfully collaborating with David Schaefer and his colleagues at AHT for more than 25 years. I respect AHT’s commitment to professional excellence in the niche segments we both serve. There are greater synergies between our firms, and we are committed to successfully integrating and leveraging the best parts of each other.”
Upon closing, Mason professionals have joined AHT, and Phil and Pam Mason became shareholders in the brokerage. The acquisition gives AHT its eighth and ninth locations nationally. It marks the firm’s second deal over the past two years, having acquired Saul and Associates in 2018.