Factor Threat Administration has acquired Ross Insurance coverage, a private and industrial strains company situated in Lancaster, Pennsylvania.
Phrases of the transaction weren’t disclosed.
Ross Insurance coverage was based in 1960 by Invoice Ross Sr. and Sondra Ross. Brothers Richhi Ross and Invoice Ross Jr. have grown the company over the previous 30 years to serve greater than 7,000 purchasers in Lancaster County and surrounding areas. Richhi Ross retired in 2018. Invoice Ross and his employees will proceed to serve purchasers from their workplace situated in Lancaster.
Earlier this 12 months, Factor Threat Administration acquired two different Pennsylvania insurance coverage businesses and one other in Virginia,
The Pennsylvania businesses are W.S. Hoffman Insurance coverage situated in Phoenixville, and L&B Insurance coverage and Monetary Providers, situated in Collegeville. Factor Threat additionally acquired Stoneburner-Carter Insurance coverage, situated in Entrance Royal, Virginia
Factor Threat now has 17 places throughout Pennsylvania, Virginia and Maryland.
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