Lamb Insurance Services has reportedly acquired Prestige Insurance Agency in North Carolina for an unknown sum.
The companies reportedly closed the deal on the first of this month.
As part of the deal, Prestige Gene managing client executive Dennis, and his team will join Lamb Insurance Services with a focus on expanding service to the nonprofit and social service organisations in the Carolinas, Georgia and Virginia.
Prestige team is said to have over 17 years of experience with nonprofit and social service organisations, including several historically Black colleges and universities in the country.
It is licensed throughout the Carolinas, Virginia and Georgia, with satellite offices in Chester and Columbia, South Carolina.
The acquisition follows Lamb Insurance Services’ growth strategy focused on improving the products, services and technologies offered to nonprofit and social service organisations.
Headquartered in New York, Lamb Insurance Services has offices in or near major cities around the country. Lamb focuses on serving nonprofit and social service organisations.
Founded by CEO Joshua Lamberg, the company offers property, casualty, employee benefits, and risk management solutions to organisations of various size and budget.