A private-equity backed Pennsylvania-based insurance agency announced Thursday it has acquired a Wethersfield-based insurance provider.
Patriot Growth Insurance Services LLC said it has acquired Olde Liberty Insurance. Terms of the deal were not disclosed.
Olde Liberty will be supported by another Connecticut agency Patriot Growth owns — Enfield-based Koverage Insurance Group, the companies said.
Koverage is a full-service insurance agency that provides commercial property and casualty insurance, personal lines coverage and employee benefits programs in more than 25 states.
Founded in 2013 and led by Andrew Borner, Olde Liberty Insurance provides personal and commercial insurance services. Borner will remain with the company and continue to focus on the agency’s growth and client service, the companies said.
Patriot Growth Insurance Services was founded in 2019 and has over 1,600 employees operating in 125 locations across 24 states. It’s backed by private equity firms GI Partners and Summit Partners.
