Liberty Company acquires New Jersey-based Hahn Insurance Agency

By Isha Marathe

May 21 - (The Insurer) - Liberty Company Insurance Brokers has struck a deal to acquire Hahn Insurance Agency, based in Little Falls, New Jersey.

The financial terms of the deal were not disclosed.

The partnership is meant to help Liberty Company expand its footprint, while offering Hahn support from the broker's business development unit, human capital management and culture consulting, HR compliance support and expertise.

“This partnership combines our team’s local knowledge and generational experience with Liberty’s broader range of insurance products, financial strength, and unwavering support for the independent agency model," said Chuck Hahn, president of Hahn Insurance Agency.

In April, Liberty Company acquired wholesale broker DB Jones Associates, integrating it into managing general agency Aura Risk Management, a member of the Liberty Company Network of Insurance Brokers.

Liberty founder, chairman and CEO Bill Johnson recently told The Insurer that it planned to leverage its expanded credit facility to accelerate its M&A strategy and deepen investments in the build-out of its tech platform.

Liberty had upsized its JP Morgan-led credit facility by an additional $100 million, bringing total funding through the vehicle to $440 million in February.

“We might be acquiring something that is adding capabilities to our platform,” Johnson said, underscoring his interest in growing Liberty’s presence in the health insurance and benefits arenas.