Eagle American Insurance Acquires Commonwealth Insurance of the Bay Area
January 28, 2015
Eagle American Insurance (EAI), supported by Insurance Office of America (IOA) and Dowling Capital Partners (DCP), has acquired Commonwealth Insurance of the Bay Area, a family-owned personal-lines insurance agency founded by Jason Butts in 2002. Commonwealth will continue to operate under its existing brand and staff while gaining access to EAI/IOA carrier relationships and national resources as part of EAI’s succession and expansion strategy.
- Buyers
- Eagle American Insurance, Insurance Office of America (IOA), Dowling Capital Partners
- Targets
- Commonwealth Insurance of the Bay Area, Inc.
- Sellers
- Jason Butts (founder)
- Platforms
- Eagle American Insurance
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Addon
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