Sandy Spring Insurance Corporation Acquires The Advantage Group, Inc.
August 4, 2016
Sandy Spring Insurance Corporation, a subsidiary of Sandy Spring Bancorp, has acquired The Advantage Group, Inc., an independent insurance agency based in Westminster, Maryland. The Advantage Group will continue operating under its current name (with eventual rebranding to Sandy Spring Insurance), and the acquisition expands Sandy Spring's capabilities—particularly contractor insurance expertise—and its geographic reach into Western Maryland.
- Buyers
- Sandy Spring Insurance Corporation
- Targets
- The Advantage Group, Inc.
- Sellers
- Bruce Talbot, Fred Hilderbrand
- Industry
- Insurance
- Location
- Maryland, United States
- Transaction Type
- Buyout
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