PRINCETON, N.J. (PRWEB) December 14, 2022
Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Franchino Agency, Inc. Hillsborough, New Jersey. Terms were not disclosed.
Gabe Frangione, President of Franchino Agency, stated, “we are excited to bring Franchino Agency to its next level of growth and development by teaming up with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”
“We are pleased to welcome Franchino Agency to Union Bay,” said Douglas M. Polley, Chairman of Union Bay Acquisition. “Gabe and his team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in central New Jersey.”