Prime Risk Partners expands operations with New England buy
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Private equity-owned brokerage Prime Risk Partners Inc. is entering the New England market with the purchase of Needham, Massachusetts-based Roblin Insurance Agency Inc., the firm announced Tuesday.
Roblin employees, including Peter Roblin, the family-owned agency’s president, and Jim Roblin, executive vice president, will remain in their current roles, Alpharetta, Georgia-based Prime Risk Partners said in a statement. According to Roblin’s website, the agency has about 30 employees.
Terms of the acquisition were not disclosed.
Roblin will be Prime Risk Partners’ platform in the region and the brokerage will “seek to grow Roblin’s current operation through investing in insurance professionals and finding complementary agency acquisitions,” the statement said.
Prime Risk Partners is the 44th-largest broker of U.S. business, according to Business Insurance’s latest ranking.
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