Enterprise Risk Associates, the New York-based insurance brokerage that has focused on expansion through agency acquisitions, said it has acquired Insurance Solutions of America, headquartered in Oviedo, Florida.
ISOA was founded in 2007 by Scott Lugering and Amber LaSota. It has specialized in commercial coverage for businesses that provide protection systems for others鈥攆ire suppression, sprinkler, alarm, and security firms. Lugering will remain at the helm of ISOA, and the team will keep operating out of the Oviedo office, the company said in a news release.
The terms of the deal were not disclosed. The move comes seven months after Enterprise Risk leaders announced a $150 million infusion of capital from Macquarie Capital Principal Finance to further the brokerage’s acquisition plans.
ERA was capitalized in 2024 by KZ Capital and Lamberg Management Inc. Adam Wolper is chief executive officer of ERA. Prior to that, Wolper was a principal with Wolper Law Group and before that with other law firms where his specialties included insurance mergers, real estate, and business law.
Topics Trends Mergers & Acquisitions Florida
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