Prime Risk Partners announced the acquisition of Cook Maran & Associates, one of the largest independent insurance agencies in New York and New Jersey.
Cook Maran will continue to operate under the name Cook Maran & Associates and will retain all five offices in New York and New Jersey, with plans to expand. The Cook Maran leadership team and employees will continue in their current roles. Financial terms of the transaction were not disclosed.
As Prime Risk Partners’ first strategic acquisition, Cook Maran provides the Company with a strong regional insurance brokerage platform that the Company plans to grow both organically and through acquisitions of property and casualty and employee benefits firms.
"We are extremely excited to partner with Len Scioscia and his team to build out a robust platform in the tri-state market," said Bret Quigley, Chairman and CEO of Prime Risk Partners.
"Cook Maran has a proven track record of outstanding growth, and we look forward to accelerating its growth and geographic expansion. We welcome the Cook Maran staff and clients to the Prime Risk Partners team."
"We are thrilled about our new partnership with Prime Risk Partners, which will allow us to take our company to the next level," said Len Scioscia, Chairman and CEO of Cook Maran.
Prime Risk Partners, headquartered in Atlanta, Georgia, is building a superior national insurance distribution platform through selective acquisitions, strategic new hires, and thoughtful operations.
A portfolio company of Thomas H. Lee Partners, it is quickly becoming the partner of choice for industry professionals looking to grow exponentially while becoming a critical piece of a growing national organization.