Evergreen Insurance & Risk Management, a national insurance brokerage for investment real estate, announced that it has acquired the assets of Sheridan & Company Group LLC and T.J. Sheridan & Co., Inc.
Terms of the acquisition were not disclosed. The deal closed September 7, 2016.
Headquartered in northern New Jersey with a satellite office in Las Vegas, NV, Sheridan is a commercial lines insurance provider, with a very large concentration on investment property insurance, real estate insurance and condo association insurance.
Tom Sheridan, president and CEO of Sheridan, a 41 year insurance veteran, will continue on at Evergreen on a consulting basis.
“We have worked on this deal for months to make sure that the transition should be as smooth as possible, I’m glad that we have accomplished that,” said Sheridan.
“It’s been great dealing with the Evergreen team, now our clients can enjoy the advanced technology and service that Evergreen is known for.”
Izzy Green, CEO of Evergreen Insurance, said, “This acquisition fits Evergreen like a glove, being that 90 percent of Sheridan’s clients are in the real estate industry, an industry where Evergreen is vastly known as being the leading experts in.
“I’m excited to work with Tom, his team and his customers and I look forward to growing this book. With our recent new offices, added staff and great systems we have put in place, we are more than ready for this acquisition. I’m excited for what’s to come.”
Evergreen was founded in 2009 by Green and Sol Eisenberg and has since grown to become the national provider for investment property and real estate insurance.
Insurance brokerage Evergreen acquires Sheridan & Company Group : Real Estate Weekly