Union Bay Acquisition LLC on Thursday acquired insurance agency Franchino Agency of Hillsborough.
Terms of the deal were not disclosed.
“We are excited to bring Franchino Agency to its next level of growth and development by teaming up with Union Bay,” Gabe Frangione, president of Franchino Agency, stated. “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,” Douglas Polley, chairman of Union Bay Acquisition, said. “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.”