The air is heavy with acquisitions after insurance provider CBIZ announced that it would be buying up the assets of Washington, D.C.-based Alliance Insurance Services (AIS), effective February 01.
AIS was founded back in 1986 and is an independent insurance agency that offers property and casualty insurance, and personal lines to both small and mid-sized clients. Its nine-person team’s expertise spans industries that include charter schools, real estate, construction, and technology in the DC metro area. AIS brings in around $1.6 million in annual revenue.
“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,” said Jerry Grisko, president and CEO of CBIZ, in a press release. “We are fortunate that AIS shares our commitment to exceptional client service and look forward to welcoming them to CBIZ.”
Added Ken Daveler of AIS: “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.”
