Insurance Acquisitions in New Hampshire

Argosy Healthcare Partners completed a recapitalization and partnership with Integrated Solutions for Benefits and Insurance Services (IS Benefits), a Hooksett, New Hampshire–based stop-loss and employee benefits consulting firm. The investment will support IS Benefits' technology investments, geographic expansion, and scaled delivery of stop-loss underwriting, specialty drug management, and claims auditing services.

The Hilb Group, a Richmond-based property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired a New Hampshire-based property and casualty business that expands its P&C offerings in New England. The acquisition took effect in early 2025 and is an add-on to Hilb Group’s existing platform as it continues regional expansion.

Risk Strategies, a national specialty insurance brokerage, has acquired George W. Blaisdell Insurance, an employee-benefits-focused agency based in Hampton Falls, New Hampshire. The deal expands Risk Strategies’ Employee Benefits practice and strengthens its presence and capabilities in the New England region; terms were not disclosed.

World Insurance Associates LLC acquired the business of John J. Flynn Insurance Agency of Dover, New Hampshire on April 1, 2024; terms were not disclosed. The deal expands World’s local presence in New Hampshire and enables John J. Flynn to offer additional products and services to its personal and commercial customers.

Specialty Program Group LLC (SPG), a Chicago-based specialty insurance platform, has acquired the assets of Buttine Underwriters Agency LLC (BUA), a New Hampshire-based managing general agency specializing in event cancellation and prize & promotion insurance. The acquisition is an add-on to SPG’s portfolio aimed at expanding its sports and entertainment vertical, product capabilities and distribution reach.

Hub International Limited has acquired the assets of Ronald (Ron) Morin, Jr., d/b/a Morin Insurance Agency, an independent insurance agency based in Alton Bay, New Hampshire. The Morin principals and team will join Hub New England to expand Hub's commercial and personal insurance presence and capabilities across New Hampshire and Northern New England; terms were not disclosed.

Arthur J. Gallagher & Co. (Gallagher) has acquired The Rowley Agency, LLC, a Concord, New Hampshire-based retail insurance broker. The acquisition expands Gallagher's retail property/casualty and employee benefits capabilities and strengthens its presence in New England, particularly across New Hampshire, Vermont, Maine and Massachusetts.

World Insurance Associates LLC acquired the business of Foy Insurance Group of Exeter, New Hampshire on December 1, 2023. Foy is a century-old New England insurance agency with offices in three states offering personal and commercial insurance and specialty programs; terms were not disclosed.

Relation Insurance Services, a PE-backed national insurance brokerage based in Walnut Creek, California, acquired the assets of New Hampshire-based Guaraldi Insurance. Terms were not disclosed; Tim Guaraldi will continue to lead the Guaraldi team under Relation as the firm expands its Northeast footprint.

Choice Financial Group, a PE-backed insurance agency platform, acquired Bernier Insurance Agency of Rochester, New Hampshire, marking Choice's first location in New England. Troy Dillow will remain president of Bernier as the agency leverages Choice's tools and Northlane Capital Partners' support to expand regionally.

The Hilb Group acquired Clark & Lavey Benefits Solutions, Inc., including its medical captive solution InCap, effective November 1, 2021. The deal expands Hilb Group's employee benefits capabilities and increases its presence in New England; Hilb Group is a portfolio company of The Carlyle Group.

Alera Group has acquired New England Employee Benefits Company (NEEBCo), a Concord, New Hampshire-based employee benefits and insurance agency, to broaden its Northeast footprint. NEEBCo will continue serving clients in its existing roles; terms of the transaction were not disclosed.

Odyssey Investment Partners, a growth-oriented private equity firm, partnered with the SIAA management team to acquire SIAA, the nation's largest alliance of independent insurance agencies. The deal provides a succession solution for founder Jim Masiello and positions SIAA to accelerate growth through M&A, technology investment and other growth initiatives.

Alera Group announced the acquisition of Granite Group Benefits, LLC effective December 31, 2020. Granite Group Benefits, a Manchester, New Hampshire-based employee benefits and risk management firm led by K. Brian McLaughlin, will join Alera’s national platform while continuing to serve clients from its existing team; terms were not disclosed.

Alera Group acquired Landmark Benefits, Inc., an employee benefits broker based in Windham, New Hampshire, effective July 1, 2019; terms were not disclosed. The deal expands Alera's presence and capabilities in New England by adding Landmark's benefits, HR consulting, compliance and wellness services and team.

The Hilb Group has acquired Clark-Mortenson Insurance, a New Hampshire–based insurance and financial services agency, effective April 1 with undisclosed terms. Clark-Mortenson (about 48 employees) will keep its name and local leadership while joining Hilb's platform to expand the buyer's presence in New England.