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Oswald Companies, headquartered in Cleveland, Ohio, has acquired The Hoffman Group, an Ohio insurance firm founded in 1919.

Hoffman’s employees are now employee-owners of Oswald and will operate out of offices in Cleveland and Medina, Ohio.

Hoffman’s professionals will continue to serve their clients through the firm’s core services areas of commercial property/casualty and personal insurance, and will additionally expand its offerings through Oswald’s full range of practices, including employee benefits, retirement plan services, life insurance and more.

The acquisition marks Oswald’s fifth acquisition in the last five years. In addition to significant investments throughout its five regional office markets — Akron, Columbus, Cincinnati, Detroit and Toledo — in 2016, Oswald has also expanded its Cleveland headquarters at Oswald Centre.

Source: Oswald Companies

Topics Mergers & Acquisitions Ohio