Ash Brokerage To Acquire Zenith Marketing Group
FORT WAYNE, INDIANA – Ash Brokerage, the largest privately held insurance brokerage in the United States, continues to grow with the acquisition of Zenith Marketing Group, the companies announced today.
Leaders say the deal comes as a result of a long-standing relationship between the two firms, and they are excited for the opportunities ahead for both companies.
“We’re extremely proud to partner with the team at Zenith, who is well respected in the insurance industry and shares our core values and culture,” said Tim Ash, CEO of Ash Brokerage. “Our scale, infrastructure and technology will give their team even more opportunities to help advisors and their clients with risk management solutions. With the Ash platform, we have no doubt Zenith will continue to thrive and reach new levels of success.”
Jim Ash, founder of Ash Brokerage, added, “We’ve known the people at Zenith for many years, and we’re excited to take the next steps to deepen our relationship. Together, we’ll continue our commitment to be a positive force in the insurance industry.”
Mike Gorlick, president and CEO of Zenith Marketing Group, echoed those sentiments.
“Ash and Zenith are two like-minded, growth-oriented organizations, and we believe our combined reputations will make us a formidable influence in the industry,” Gorlick said. “With access to Ash’s enhanced resources, our advisors and employees will see greater opportunities and be in a better position for the future. In this case, one plus one clearly equals three.”
The acquisition will be finalized March 31.
Zenith Marketing Group, headquartered in Freehold, New Jersey, will continue operating under the same name. The firm and its clients will have access to Ash Brokerage’s tools and business strategies, including enhanced technology for compliance and security in the wake of regulatory and marketplace demands. Zenith’s 55 employees will join the 350-plus employees of Ash, creating a team of more than 400 professionals nationwide.
This acquisition is the first since Ash Brokerage announced its partnership with Century Equity Partners in 2017, as a commitment to growth, both organically and strategically. Ash Brokerage is seeking additional opportunities for mergers and acquisitions with successful firms.
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