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  • ASH BROKERAGE ACQUIRES TARGET INSURANCE SERVICES, INC. PARTNERSHIP IS ASH’S SECOND ACQUISITION OF 2018

    December 16, 2018 by Ash Brokerage

    FORT WAYNE, INDIANA – Ash Brokerage, the largest privately held insurance brokerage in the
    United States, continues to grow with the acquisition of Kansas-based Target Insurance
    Services, Inc., the companies announced today.

    Leaders say the partnership comes as a result of a long-standing relationship between the two
    firms, and they are excited for the opportunities ahead. Tim Ash, CEO of Ash Brokerage, said he
    and Target President Matt McAvoy have a lot in common, as they each lead businesses that were
    started by their fathers.

    “Each were innovators and leaders in the brokerage space. Each entrusted us with carrying on
    the business and impacting lives. So, rather than continue to each do that on our own, we’re
    excited to do it together,” Ash said. “They’ve made their mark on the industry. It’s the caring
    nature of their employees that makes partnerships like this work.”

    McAvoy agreed, saying, “Aside from being family businesses, our organizations have a common
    culture. We’re both mission-centered, trying to always do the right thing for the people we serve.
    By combining firms, a larger platform exists to jointly participate in the future of the insurance
    industry – ensuring consumers’ needs are met in a changing distribution environment. Our
    alignment with Ash Brokerage is an exciting time for me, our staff and customers.”

    Under the acquisition, which was signed today, Target Insurance Services will begin transitioning
    to the Ash Brokerage brand and operations platform. Their advisors will also gain access to Ash
    Brokerage’s tools and business strategies, including enhanced technology for compliance and
    security in the wake of regulatory and marketplace demands. Target’s 30 employees will join the
    team at Ash, adding to their team of more than 400 professionals nationwide.

    Financial details of this agreement will not be publicly disclosed as both firms are privately held.

    This acquisition is the second since Ash Brokerage announced its partnership with Century Equity
    Partners in 2017, as a commitment to strategic growth. In March of 2018, Ash Brokerage
    announced the acquisition of Zenith Marketing Group, a firm based in Freehold, New Jersey. Ash
    continues to seek opportunities for mergers and acquisitions with successful, like-minded
    organizations.

    About Ash Brokerage – www.ashbrokerage.com
    Ash Brokerage is a brokerage general agency based in Fort Wayne, Indiana, answering the needs
    of financial professionals nationwide. For life insurance, annuities, long-term care or disability
    income, Ash provides the tools and, more importantly, the people needed to get the job done
    right. For more than 45 years, the firm has built its success on strong, personal relationships with
    its clients and partners. Whatever the question. Whatever the need. Ash Answers.

    About Target Insurance Services, Inc. – targetins.com
    Target Insurance Services, Inc., was founded by Lou McAvoy in the 1960s as Louis J. McAvoy and
    Associates. One of the first companies to handle impaired risk business, the name was changed
    to Target Insurance Services in 1981 when Lou’s son, Matt, joined the firm. The firm employs 30
    employees in Kansas City, and sets itself apart by establishing and maintaining a culture of
    confidence and trust, and a focus on doing what’s right for producing agents and their clients.
    The firm remains dedicated to Creating Successful Solutions for their customers.
    –End–

    Originally Posted at InsuranceNewsNet on 2018 by Ash Brokerage.

    Categories: Industry Articles
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