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LOGO/PROVIDED BY UNION BAY ACQUISITION
Lancaster company acquires Michigan insurance agency
Lancaster-based Union Bay Acquisition LLC, an aggregator of insurance agencies, acquired the assets of Arlington Agency, Inc., based in Livonia, Mich.
Terms were not disclosed, according to a release.
“Union Bay was a great deal partner, offering great terms and a quick close,” Daniel L. Picano, principal of Arlington Agency, said in a statement. “We are confident that Arlington joining with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
This is Union Bay’s 18th acquisition, and fifth in the state of Michigan.
“We are pleased to welcome Arlington Agency as we grow in Michigan,” Union Bay Acquisition Chairman Douglas M. Polley said. “Adding Arlington’s Livonia location to our portfolio means we have even more presence in Michigan, including our offices in Grand Rapids, Milford Township, and locations throughout the Thumb region in Eastern Michigan.”
