Stahl & Associates Insurance has reached an agreement to acquire Orlando-based Morse Insurance Agency.
The addition of Morse Insurance Agency will expand Stahl & Associates’ footprint in Florida, a statement said.
Terms of the deal were not disclosed. The acquisition closed on December 1.
“The insurance industry is changing and consolidating at a rapid pace. It is important that we continue to grow and evolve in order to maintain our independence and influence within the industry. This acquisition is a significant opportunity to accelerate our growth and expand our resources and reach,” said Bob Stahl, president and CEO of Stahl & Associates Insurance, in the statement.
The agency is headquartered in St. Petersburg, with offices in Oldsmar, Lakeland and Orlando.
Founded in 1983 by Bob Stahl, Stahl & Associates Insurance is one of the largest, privately held insurance agencies in Florida. The company specializes in commercial insurance and risk management, employee benefits, and private risk management. The agency is consistently voted a Top Workplace and a leader in commercial insurance and employee benefits.
