Upstate Agency, LLC, part of the Arrow Family of Companies, has announced the acquisition of select assets of A&B Agency, Inc., an employee benefits insurance solutions provider located in southern Albany County.<\/p>\n
The strategic partnership aligns with Upstate\u2019s core business units, further enhancing its employee benefits solutions and expanding its geographic reach in the Capital Region and south.<\/p>\n
\u201cThis partnership represents more than a business transaction; it\u2019s a union of shared values, vision and passion,\u201d said Douglas Thorn, president and CEO of Upstate Agency. \u201cHaving worked with owners Keith and Jennifer MacTavish in the past, I\u2019m confident they\u2019ll bring great expertise to our agency while continuing to serve their valued clients.\u201d<\/p>\n
Based in South Glens Falls, Upstate specializes in personal, commercial and employee benefits insurance solutions with a coverage area spanning from Albany to Plattsburgh. In terms of revenue, Upstate Agency currently ranks sixth in Employee Benefits and fifth for Property & Casualty in the Capital Region as compiled by the Albany Business Review.<\/p>\n
<\/span><\/span><\/b><\/span><\/span>Dave DeMarco, President and CEO of Arrow Financial Corporation and parent company of Upstate, said, \u201cThis strategic growth opportunity will enhance Upstate\u2019s reputation as an experienced group of local agents who have their clients\u2019 best interests at heart. With a solid base of insurance operations in the Capital Region, we are excited to expand farther south and showcase our consultative approach.\u201d<\/p>\n Keith and Jennifer MacTavish, owners of A&B Agency, Inc., also expressed their enthusiasm by stating, \u201cWe are excited about this opportunity to further enhance employee benefits insurance solutions. We look forward to being a part of Upstate Agency and the Arrow Family of Companies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Upstate Agency, LLC, part of the Arrow Family of Companies, has announced the acquisition of select assets of A&B Agency, Inc., an employee benefits insurance solutions provider located in southern Albany County. The strategic partnership aligns with Upstate\u2019s core business units, further enhancing its employee benefits solutions and expanding its geographic reach in the Capital […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39933","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\r\n