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Boston-based One80 Intermediaries Inc. said Tuesday it has acquired wholesaler C&M First Services Inc.
Terms of the deal were not disclosed.
New York-based C&M, which has about 25 employees according to its website, focuses on Asian American retail brokerages.
Matthew F. Power, president of One80 Intermediaries, noted in a statement that Asian American-owned businesses continue to expand and develop throughout the United States.
One80 Intermediaries is the wholesale unit of Risk Strategies Co. and is the eighth-largest specialty intermediary in the United States, according to Business Insurance’s latest ranking.