Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, New Jersey, is joining Ash Brokerage, the largest privately held insurance brokerage in the United States.
FREEHOLD, NJ — Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, New Jersey, is joining Ash Brokerage, the largest privately held insurance brokerage in the United States, the companies announced today.
Leaders say the acquisition deal comes as a result of a long-standing relationship between the two firms, and they are excited for the opportunities ahead.
“Ash and Zenith are two like-minded, growth-oriented organizations, and we believe our combined reputations will make us a formidable influence in the industry,” said Mike Gorlick, President and CEO of Zenith Marketing Group. “With access to Ash’s enhanced resources, our advisors and employees will see greater opportunities and be a in better position for the future. In this case, one plus one clearly equals three.
“We are also extremely excited to share Zenith Marketing Group’s strengths and successes in the independent marketplace with Ash Brokerage to best leverage the increased size of our combined organizations.”
Tim Ash, CEO of Ash Brokerage, echoed those sentiments.
“We’re extremely proud to partner with the team at Zenith, who is well respected in the insurance industry and share our core values and culture,” he said. “Our scale, infrastructure and technology will give their team even more opportunities to help advisors and their clients with risk management solutions. With the Ash platform, we have no doubt Zenith will continue to thrive and reach new levels of success.”
Jim Ash, the founder of Ash Brokerage, added, “We’ve known the people at Zenith for many years, and we’re excited to take the next steps to deepen our relationship. Together, we’ll continue our commitment to be a positive force in the insurance industry.”
The acquisition will be finalized March 31. Zenith Marketing Group will continue operating under the same name and its management, corporate structure, and much of its day-to-day operations will be unchanged. However, the firm and its clients will have access to Ash Brokerage’s tools and business strategies, including enhanced technology for compliance and security in the wake of regulatory and marketplace demands.
This acquisition is the first since Ash Brokerage announced its partnership with Century Equity Partners in 2017. Ash Brokerage is seeking additional opportunities for mergers and acquisitions with successful firms.
“Our commitment to our people and the industry is demonstrated through responsible growth, both organically and through strategic mergers and acquisitions such as Zenith Marketing Group,” Tim Ash said.