Union Bay acquires Arlington Agency in Livonia

Union Bay Acquisition LLC has bought the assets of Arlington Agency, Inc. in Livonia, Michigan, marking its 18th acquisition and fifth in the state. The deal expands Union Bay’s insurance-agency footprint in Michigan, with terms undisclosed.

Why it matters: - Union Bay Acquisition LLC is continuing to consolidate small insurance agencies in the Northeast and Midwest. - The Arlington Agency deal adds another Michigan location and deepens Union Bay’s presence in a state where it already operates multiple offices. - The acquisition brings together Arlington’s insureds and carrier partners with Union Bay’s broader platform.

What happened: - Union Bay Acquisition LLC acquired the assets of Arlington Agency, Inc., a Livonia, Michigan-based insurance agency. - The transaction closed with undisclosed terms. - The deal is Union Bay’s 18th acquisition overall. - The purchase is Union Bay’s fifth acquisition in Michigan.

The details: - Union Bay is based in Lancaster, Pennsylvania. - Arlington Agency’s principal, Daniel L. Picano, said Union Bay offered strong terms and a quick close. - Picano said Arlington’s stakeholders, including insureds and insurance company partners, should benefit from the combination. - Douglas M. Polley, chairman of Union Bay Acquisition, said the Arlington location expands Union Bay’s Michigan portfolio. - Union Bay now has offices in Grand Rapids, Milford Township, and locations throughout the Thumb region in Eastern Michigan. - Union Bay owns property-casualty insurance agent Union Bay Risk Advisors LLC. - Union Bay targets small insurance agencies in the Northeast and Midwest. - More information is available at the company’s announcement.

Between the lines: - The acquisition fits a roll-up strategy, with Union Bay building scale by adding local agencies one by one. - Michigan appears to be a key growth market for Union Bay, given the pace of repeat acquisitions in the state. - The undisclosed price leaves the financial size of the deal unclear.

What’s next: - Union Bay is likely to keep pursuing small-agency acquisitions in its core regions. - The company’s Michigan footprint may keep expanding if it continues the same strategy.

The bottom line: - Union Bay is using acquisitions to widen its insurance-agency network, and Arlington adds another foothold in Michigan.