Argenia
DOWLING HALES ANNOUNCES ANOTHER SUCCESSFUL TRANSACTION: ARGENIA, LLC ANNOUNCES ITS SALE TO CRC INSURANCE SERVICES.Dowling Hales served as exclusive financial advisor to Argenia, LLC (“Argenia”), a Little Rock, AR-based program manager and managing general agent (“MGA”) in its sale to the CRC Insurance Services, Inc. (“CRC”), a subsidiary of BB&T Insurance Holdings, Inc.Formed in 1976, Argenia is a program manager and contract binding MGA focused mainly on excess and surplus lines risks in the Southeast and Midwest United States, including key programs in commercial, specialty CAT coverage (e.g., earthquake and flood), and personal risks. Argenia will join CRC’s binding authority and transactional wholesale business.
Target Company
Argenia
Acquirer Company
CRC Insurance Services
Acquisition Date
May 2019
Sector
Insurance
Acquisition Date
May 2019
Industry
MGA
Region
USA
State of Acquired
AR
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