CBIZ, a leading provider of financial, insurance and advisory services, announced the acquisition of substantially all of the assets of Prince-Wood Insurance, L.L.C., (“PWI”) of Woodbridge, VA, effective July 1, 2020.
Read More: Healthfully and Paya Deliver Expanded Patient Care and Payments Through New Partnership
Established in 1967, PWI provides property and casualty insurance to small and mid-sized businesses in Northern and Central Virginia, Maryland and Washington, DC. PWI has seven employees and approximately $1.2 million in annual revenue.
Jerry Grisko, President and CEO of CBIZ, stated, “We are pleased to complete the acquisition of Prince-Wood Insurance as part of our ongoing strategy to strengthen our property and casualty insurance business. Despite the impact of the ongoing COVID-19 pandemic, our property and casualty business continues to grow coming off a very strong year of performance in 2019. Prince-Wood is an ideal partner given their long-standing local presence and deep client relationships. We look forward to welcoming them to the CBIZ team.”
Read More: GlobalFintechSeries Interview with Patrick Turiano, Director of Marketing at Paysafe Group
Mark Rousseau, of PWI, stated, “We are very pleased to partner with CBIZ in the continued evolution of Prince-Wood Insurance. CBIZ’s focus on customer service and satisfaction matches our own philosophy, and having access to the products and support that comes with joining a national professional services company, along with our local presence of over 50 years, will be a direct benefit to our valued clients. We are also excited to be able to offer additional workplace benefits to our employees by becoming part of the CBIZ community.”
Read More: TerraPay Announces Readiness for the New World by Strengthening Management
