CHARLOTTE, N.C.– Skyla Insurance Services, a subsidiary of Skyla Credit Union, has acquired Policyline Insurance, a provider of insurance products and employee benefits consulting services based in Cornelius, North Carolina.
Founded in 2003, Policyline is known for helping businesses navigate the complex landscape of employee benefits. A client-focused approach and deep industry knowledge have earned Policyline and owner Geoff Ricks the trust of companies across the Carolinas.
“It was a pleasure working with Geoff throughout this process,” said Jay Offerdahl, Viking M&A President. “He brought a clear vision, deep commitment to his clients, and collaborative spirit to every conversation. We’re thrilled to have helped facilitate this successful transition and look forward to what’s ahead for Skyla Insurance Services.”
As part of the transaction, which closed in Q1 2025, Ricks was appointed President of Skyla Insurance Services, where he will lead the combined organization and continue delivering tailored insurance and benefits solutions to businesses throughout the region. Ricks’s leadership and expertise in the employee benefits space make him the ideal person to lead Skyla Insurance Services into its next phase of growth.
“We’re very pleased with the outcome and look forward to the opportunities this acquisition will bring to Skyla and its members,” said Skyla Financial Solutions President Ray Crouse in an earlier press release.
The acquisition strengthens Skyla’s ability to provide Skyla Credit Union’s corporate accounts and sponsor companies with customized benefits offerings that support workforce attraction, retention, and cost-efficiency.
Viking M&A Advisor Michael Elliott facilitated the transaction.
“The transition process was seamless thanks to the steady guidance and professionalism of Michael Elliott and Jay Offerdahl. Their experience, responsiveness, and thoughtful approach made navigating the complexities of the transaction efficient and rewarding,” said Ricks.
Policyline’s integration with Skyla marks a significant milestone in both organizations’ missions to deliver innovative, comprehensive insurance solutions with exceptional service.
Source: Viking Mergers & Acquisitions
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