American Hardware & Lumber Insurance (AHLI) Acquires Assets of Neumann Insurance Services Agency
June 30, 2023
American Hardware & Lumber Insurance Agency, Inc. (AHLI) agreed to acquire the assets of Neumann Insurance Services Agency, LLC effective June 30, 2023. The transaction brings Scott Neumann and his team — including theWCmarketplace business — into AHLI and is intended to expand AHLI's geographic footprint and product capabilities for trade contractors and main street businesses.
- Buyers
- American Hardware & Lumber Insurance Agency, Inc. (AHLI)
- Targets
- Neumann Insurance Services Agency, LLC (NIS)
- Sellers
- Neumann Insurance Services Agency, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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