Alliant Acquires 50 Years of Regional Knowledge in Engel Agency, Inc.
NEWPORT BEACH, CA — Alliant has added another Midwest power player to its growing middle market insurance platform with its acquisition of Engel Agency, Inc. The Chicagoland P&C broker joins Alliant with a 50-year history of regional knowledge and service in commercial and personal insurance.
“Alliant remains committed to expanding its presence and leadership within the Midwest,” said John Harney, Executive Vice President and Managing Director with Alliant. “Engel Agency, Inc. has a deep understanding of the region’s unique market dynamics, which it has employed to great success within a variety of industries and disciplines. Above all, the company has built a sterling reputation of trust and results, which will make an immediate impact here at Alliant.”
Family owned and operated, Engel Agency, Inc. has a strong institutional knowledge of the Illinois insurance market. The company has expertise in a broad array of industries and specializes in serving freight, ocean marine, manufacturing, and distribution clients. The firm also offers a full suite of personal insurance products that includes home, auto, life, errors and omissions, and more.
“When my father founded this agency nearly five decades ago, he did so on the core tenets of service, expertise, and local knowledge,” said Engel Agency, Inc. President Paul Engelhard. “I am joining forces with Alliant because they share these values and will provide additional strength and resources on which we can build an even stronger base of service for our clients.”
Engel Agency, Inc. will maintain its current leadership and will continue to service its diverse portfolio of clients. As part of the Alliant family of companies, Engel Agency, Inc. will relocate its operation to Alliant’s Bannockburn, IL office at 1500 South Lakeside Drive. Terms of the agreement were not disclosed.