C3 swoops for two firms
C3 swoops for two firms | Insurance Business America
Mergers & Acquisitions
C3 swoops for two firms
Merger will strengthen its Private Client Division
Mergers & Acquisitions
By
Steven Byerley
San Diego-based C3 Risk & Insurance Services has announced a merger with Private Management Insurance Agency (PMIA) and Clark Insurance Agency, both led by industry veteran Matt Clark.
The merger represents a significant milestone in C3’s mission to establish a top-tier firm in San Diego and across Southern California, offering a comprehensive range of services to its clients, the company said.
“We are thrilled to merge with PMIA and Clark Insurance Agency,” said Jamie Reid, chairman of the board at C3 Risk & Insurance Services. “This strategic collaboration allows C3 to strengthen its Private Client Division and further solidify our position as a leading provider of insurance services in San Diego. Matt’s proven leadership and expertise will be instrumental in driving our growth and delivering exceptional value to our clients.”
The integration of PMIA, headquartered in San Diego, and Clark Insurance Agency, based in North Carolina, will strengthen C3’s Private Client Division, the company said.
Clark brings a wealth of experience and leadership to the table, having successfully built and grown his own agencies since 2005, C3 said. Clark’s expertise will enable C3 to better cater to its existing and future clients’ personal insurance needs, ensuring tailored solutions to meet their unique requirements.
“Over the last 17 years, Matt has created an incredible agency in the private-client and personal-line space,” said Gabe Erle, president of C3 Risk & Insurance Services. “His entrepreneurial spirit aligns with our mission, and we’re excited to have his help elevating and growing our personal lines division.”
“This merger is a great fit for us,” Clark said. “Not only is the culture at C3 very family-oriented, but the partnership will also allow us to create something bigger together than what we might have been able to achieve alone. I’m excited to be a part of the legacy that C3 is building.”
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