Mahwah, NJ (PRWEB) May 06, 2014
Declaration Brokerage, LLC (“Declaration Brokerage”) is pleased to announce the acquisition of the business of RBLA of PA, Inc. (“RBLA”). RBLA is a Stroudsburg, Pennsylvania based insurance agency specializing in a wide range of commercial and personal lines coverages for its clients.
RBLA, which has been in business for about 25 years, is owned and managed by John A. Martone, Jr. Mr. Martone will be joining Declaration Brokerage and will manage new business efforts in Stroudsburg.
Carl A. Gerson of Declaration Brokerage stated, “The acquisition of RBLA is an important step for Declaration Brokerage as it represents our first acquisition. We are delighted to welcome John Martone and the RBLA team.”
About Declaration Brokerage
Declaration Brokerage is a New Jersey based insurance agency formed to pursue a strategy of acquiring main-street retail insurance brokers in the Northeastern United States which predominantly focus on commercial lines accounts. Declaration Brokerage is sponsored by Capacity Coverage, one of the largest full-service insurance brokerage groups in the nation, and Dowling Capital Partners, a private equity fund that invests primarily in the insurance industry.