Marketplace 4 Insurance Acquires Swann Insurance Agency
Marketplace 4 Insurance has announced its acquisition of Swann Insurance Agency, an independent agency located in Columbia, Maryland. This strategic move enhances Marketplace 4 Insurance's presence in the Mid-Atlantic region. As part of this effort, Swann will collaborate with Reilly Insurance Agency, which is already established in Crofton, Maryland, expanding services offered to both individual and business policyholders.
Swann Insurance Agency, under the leadership of Joseph “Joe” Swann, CLCS, is recognized for its provision of a wide range of personal and commercial insurance solutions. Their offerings include auto, home, life, and business insurance policies, all tailored to meet client needs across Maryland and the Mid-Atlantic area.
Rich Reilly, founder of Reilly Insurance Agency, acknowledged the quality and dedication of Swann's team, emphasizing their focus on client education and tailored risk management strategies. Reilly expressed commitment to maintaining Swann's established reputation while integrating additional resources and expertise to better serve their combined clientele.
The partnership with Marketplace 4 Insurance will allow Swann Insurance Agency to offer an expanded variety of insurance products and carrier options, without compromising on localized, personalized support. All Swann personnel will continue their roles at Reilly Insurance Agency, ensuring consistent service delivery.
Joe Swann, former principal of Swann Insurance Agency, affirmed that this integration with Marketplace 4 Insurance and Reilly Insurance Agency will benefit their clients by providing them with enhanced access to comprehensive insurance solutions. Current clients of Swann Insurance will experience no disruptions, with existing policies and customer service processes remaining intact throughout the transition period.
Legal and financial advisory support for this acquisition was provided by Foley & Lardner LLP to Marketplace 4 Insurance, and by Legacy Advisors and Barnes, Bailey, Janoush & Dick, P.A. to Swann Insurance Agency. Marketplace 4 Insurance, launched in 2019 by Jerad Kirk and Adam Herring, operates as a comprehensive insurance brokerage platform, offering a diverse range of insurance products and services across several states. Reilly Insurance Agency, established in 1974, is known for delivering robust insurance services and client education aimed at asset protection. Swann Insurance Agency has been dedicated to providing thorough insurance solutions and fostering community relationships in Maryland for many years.