Jencap Acquires Concorde General Agency to Expand Market Reach
Jencap Group LLC, one of the largest wholesalers in the U.S., has acquired regional insurance intermediary Concorde General Agency. The acquisition is expected to enhance Jencap's geographic presence and expand its product offerings through Concorde’s expertise in personal lines, commercial lines, and farm and ranch insurance. Concorde will continue operating under its own brand as part of the Jencap Insurance Services Inc division. Both companies emphasized that this partnership aligns with their shared values and goals to support independent agents by providing broader market access and enhanced resources. Mark Maher, President of Jencap, highlighted Concorde's strong reputation and entrepreneurial culture as key factors in its strategic fit. Concorde is based in North Dakota and has a well-established presence across the Upper Midwest. The acquisition underscores Jencap’s ongoing strategy to strengthen its position through targeted growth opportunities.
Topics: Company Acquisition Insurance Wholesale Insurance Services