Alternative Monetary Group reported that it has acquired property/casualty insurance coverage company Fonner Insurance coverage Associates in Abington, Pennsylvania.
Fonner has served the better Philadelphia space for 30 years led by the Fonner household. William and Eric Fonner will proceed managing the enterprise as a part of Alternative.
Fonner represents the sixth acquisition for Alternative since partnering with personal fairness agency Northlane Capital Companions in October 2021.
Alternative is increasing its market presence by way of focused acquisitions. Alternative is headquartered in Virginia Seaside, Virginia, and has 18 places of work in eight states.
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Mergers & Acquisitions
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