Sharpline Insurance Brokerages Acquires Genesis Asset Protection
Ron Ebert, Chairman of King of Prussia based Sharpline Insurance Brokerages and Frank Menna, President of Genesis Asset Protection of Warrington, PA announced that Sharpline has acquired Genesis.
KING OF PRUSSIA, Pa., Oct. 3, 2018 /PRNewswire-PRWeb/ -- Ron Ebert, Chairman of King of Prussia based Sharpline Insurance Brokerages and Frank Menna, President of Genesis Asset Protection of Warrington, PA announced that Sharpline has acquired Genesis.
Menna and his team will continue to serve their clients from their Warrington, PA, location under the name Genesis Asset Protection, Inc. in the same manner that they currently operate and under Menna's management - with no change in services, staff or structure. Terms of the transaction have not been announced.
Ron Ebert commented, "Frank and his outstanding team of professionals at Genesis have established a first-class organization over the past 20+ years with a specialization in P&C brokering, risk management consultation and Group Self-Insurance Administration for nonprofit human service organizations. We love the synergy of this partnership as Genesis' industry specialization mirrors the philosophy of its new sister company – MRG". MRG (Madison Risk Group), is a construction P&C specialist brokerage based in King of Prussia and is also owned by Sharpline. Ebert noted that the companies will continue to operate independently with no crossover between staff or services.
Frank Menna stated, "With our clients and staff in mind, we set out in search of a partner that was committed to enhance the services and experience for our clients. Ron's customer centric philosophy and commitment to remaining independent in an age of publicly held global brokerages acquiring independent agencies made the decision an easy one for me. We have tremendous respect for Ron, and his partners. We very much look forward to joining the Sharpline family of companies".
Sharpline Insurance Brokerages, LLC is a King of Prussia, PA based Insurance Brokerage that owns two independent Property & Casualty specialty brokerages. The firms are unique in the industry that they are not generalist brokers but specialists in specific industry segments.
http://www.genesisasset.net
http://www.madisonriskgroup.com
SOURCE Sharpline Insurance Brokerages
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