Lyndhurst, New Jersey, July 20, 2017— Congratulations to our clients, the former shareholders of Boynton & Boynton (“Boynton”), a private insurance company with a nearly 90 year history, who sold their Company to Alliant Insurance Services Inc. (“Alliant”), one of the nation’s leading distributors of diversified insurance products and services.
With an already well-established West Coast presence, Alliant’s acquisition of Boynton is part of that company’s effort to continue expanding its footprint throughout the Northeast region of the U.S. Through the joining of the companies, the depth of Alliant’s personal and commercial insurance offerings will be increased.
“Boynton & Boynton will provide a solid foundation of strength for our growing northeast client base,” said Alliant Chairman and CEO Tom Corbett in a company press release. “The company’s long history of personal service and diverse offerings will further enhance our service platform and set the stage for continued growth throughout the region.”
“For nearly 90 years, we have held fast to our commitment of offering clients a truly global perspective that addresses the entirety of their risk management and employee benefits needs,” said Boynton & Boynton President Jay Lynch in a press release concerning the transaction.
Mr. Lynch, as well as the entire former management team of Boynton & Boynton, will continue to service clients from offices in New Jersey and Pennsylvania.
M&A attorney Jeffrey K. Cassin and Partner of Scarinci Hollenbeck, a New York/New Jersey metropolitan based business law firm, represented the shareholders of Boynton & Boynton in the transaction. Other Scarinci Hollenbeck attorneys who played roles working on the deal include James F. McDonough, Jeffrey R. Pittard, Joel N. Kreizman, Charles H. Friedrich, Kenneth C. Oh, and Fred D. Zemel.