SOURCE: PointeNorth Insurance Group

PointeNorth Insurance Group

May 30, 2014 09:19 ET

PointeNorth Insurance Group LLC Announces First Alabama Transaction

ATLANTA, GA--(Marketwired - May 30, 2014) - Caribou Insurance Agency Inc. has joined Atlanta-based PointeNorth Insurance Group LLC.

Effective May 1, 2014, Caribou Insurance Agency Inc., located in Birmingham, Alabama, now operates as Caribou Insurance Agency, a member of PointeNorth Insurance Group LLC. The acquisition is the third transaction in the first half of the year for PointeNorth, continuing the insurance agency's growth strategy within the independent agency distribution system.

Caribou Insurance Agency Inc. is a highly regarded boutique commercial transportation agency, specializing in independently owned and operated trucking businesses throughout the Southeast. "With Caribou Insurance Agency joining our portfolio of companies, we continue to broaden the expertise and solutions offered to our customers," said PointeNorth CEO Bill Skeeles.

"Clients now have more product options and other benefits due to our expanded reach," said Gary Mattingly, president and CEO of Caribou Insurance Agency Inc. "We are very excited to have access to additional markets and tools, while continuing to offer customers the same personal service from the professionals they have always known and trusted." Mattingly remains as a key member of the PointeNorth management team and president of the Caribou Insurance Agency Division.

"Our transactions in the past 16 months have focused on Middle Market Commercial and Surety competencies, as well as community-based enterprises. Together, our combined talents and market presence make us a formidable insurance agency that continues to invest in strategic partnerships that build value," added Skeeles. "We are optimistic about the future of the independent agency system and are committed to helping like-minded individuals transition to the next generation of this distribution channel."

For more information, visit www.PointeNorthins.com.

About PointeNorth
PointeNorth offers insurance and financial products to more than 49,000 households and businesses nationwide. It was formed with the partnering of several outstanding metro agencies: TRC Stevenson; certain property casualty assets of Merritt-McKenzie, Love Douglas & Pope; Hodges & Associates; Risk Management Continuum; and WS Pharr & Company. PointeNorth Insurance Group LLC is headquartered at 1100 Circle 75 Parkway, Atlanta, Georgia. For more information, visit www.PointeNorthins.com.

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