VESTAL, N.Y. — The Partners Insurance Agency — an independent insurance agency with offices in the Southern Tier — has merged with Glastonbury, Connecticut–based Smith Brothers Insurance, LLC in a deal that closed Jan. 1.
Terms of the deal weren’t disclosed in a Partners Insurance Agency news release forwarded to BJNN. It expands the Smith Brothers footprint into upstate New York.
Partners Insurance Agency has offices in Vestal in Broome County and in Owego and Waverly in Tioga County.
The Southern Tier agency plans to co-brand as Smith Brothers / The Partners, Michael Constantine, regional leader, said in an email response to a BJNN inquiry.
Prior to the merger, Constantine’s title with Partners was business insurance account executive, per the Partners website.
The two firms have been “friends and colleagues for a while now” and had discussed the “synergies, commonalities, and the benefits a merger would bring to both firms,” Constantine says.
Constantine is among the former owners of the Partners firm who also include Don Patterson, Bill Soprano, Phil Wiles, John Carlin, and Chris Hutchings, per the firm’s news release. Constantine declined to disclose how much of the firm each man owned.
Smith Brothers is retaining all of Partners Insurance Agency’s 35 employees in the merger deal, Constantine said.
“The Partners brings us presence in New York and allows personal and commercial clients of the Partners to gain access to additional carriers, coverages and risk-management services. Those who own or operate a business will benefit from our additional value-added services such as; human resources, employee wellbeing, safety, compliance and financial services,” Joe Smith, president & CEO of Smith Brothers Insurance, said in the Partners news release.
About Smith Brothers
Besides its new offices in the Southern Tier, Smith Brothers has offices throughout Connecticut, Massachusetts, and New Jersey. It is licensed in every state in the U.S., per the Partners news release.
Founded in Hartford, Connecticut in 1971 by brothers, Bob and Brian Smith, Smith Brothers Insurance has expanded to more than 200 employees.
Contact Reinhardt at email@example.com
Image and Constantine photo credit: The Partners Insurance Agency website