August 9, 2017

Smith Bros. Insurance acquires assets of NJ broker

PHOTO | Contributed
PHOTO | Contributed
Smith Brothers Insurance President and CEO Joseph B. Smith, right.

Glastonbury insurer Smith Brothers has acquired the assets of Widerman & Company Insurance of Haddonfield, N.J.

Financial terms of the deal were not disclosed, but the companies said Widerman has merged its business with Smith Brothers and will continue to operate under its own name from its current location.

Joe B. Smith, president and CEO of Smith Brothers, said affiliating with Widerman will help expand Smith Brothers' presence in the New Jersey and Pennsylvania marketplace.

Widerman executives Bob Widerman and Shawn Knechtel will continue to lead the Widerman team, they said. Widerman has 20 employees. Smith Brothers has more than 150 employees in offices in Connecticut and Massachusetts.

Founded in 1971, Smith Brothers provides insurance, surety, risk management, employee benefits, and financial services to individuals and businesses.

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