Philadelphia-based insurance wholesaler Emerson, Reid & Co. and Group Brokerage Associates announced the two firms have an agreement to merge.
The companies did not disclose financial terms. They said their combined entity would continue operations under the Emerson Reid corporate identity.
George Rosiak, Emerson Reid president, said, "We are pleased to welcome John Hobson and the GBA team members to Emerson Reid. This merger further solidifies our footprint as the leading employee benefits wholesaler in Pennsylvania, New Jersey and New York. Together we will continue our mission of positioning our broker partners to expand and protect their business."
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