Sampling The M&A Climate
Two states with significant agency merger and acquisition activity are Texas and New York, but local independent agent associations say that while the two states might be quite different, the motivation behind the drive to grow through combinations is the same.
In Texas, noted David VanDelinder, assistant executive director of the Austin-based Independent Insurance Agents of Texas, agencies are typically looking to grow larger through acquisitions so they can attract carriers and create market combinations.
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