Allegacy Services LLC said it has acquired Estate and Business Insurance Services LLC, an insurance agency located in Winston-Salem, N.C.
Estate and Business, which provides group health and dental insurance to approximately 200 companies as well as individual health plans, has merged with Allegacy's JBA Benefits to provide group health, life, business insurance and property and casualty needs. Founded in 1983, JBA Benefits was acquired by Allegacy Services in January 2007. The purchase price of Estate and Business was not disclosed.
The acquisition expands the CUSO's client service department and sales group enabling it provide more cost-effective insurance solutions, said Ray Crouse, president and managing director of Allegacy Services. The new structure will also allow the ability to offer more enrollment meetings and educational seminars including Medicare supplement workshops, said J. Bryan Andrews, president of JBA Benefits.
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