Heffernan Network Insurance Brokers Acquires Maffei Insurance & Financial Services

April 1, 2023

Heffernan Network Insurance Brokers, a subsidiary of Heffernan Insurance Brokers based in Walnut Creek, California, has acquired Maffei Insurance & Financial Services, a family-owned agency headquartered in Stockton, California. Founder Don Maffei and 12 team members joined Heffernan Network effective April 1, 2023; the deal is intended to provide Maffei with greater market access and resources to expand its commercial lines while preserving the agency as an autonomous subsidiary.

Buyers
Heffernan Network Insurance Brokers
Targets
Maffei Insurance & Financial Services
Industry
Insurance
Location
California, United States
Transaction Type
Buyout

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