Facebook Twitter LinkedIn Google Plus RSS

Mahwah insurance brokerage firm acquires Mt. Pleasant Agency Inc.

By ,

Mahwah-based Capacity Coverage, an insurance brokerage firm, and ARM-Capacity of New York announced Friday that it has acquired Mt. Pleasant Agency Inc., based in Thornwood, N.Y.

The transaction was completed through Mt. Pleasant Capacity Agency LLC, a newly formed unit which is jointly owned by ARM-Capacity, and by Joseph Picharallo and Keith Shaland, managing partners of the agency, the firm announced in a news release.  Financial terms were not disclosed.

Mt. Pleasant sells personal and commercial insurance products, and will continue to operate in its Westchester office.

Robert G. Lull, CEO of Capacity Coverage, said, "Our investment in Mt. Pleasant enables Capacity Coverage and ARM-Capacity to expand business operations into Westchester County.  This transaction, the fourth we have announced this year, continues Capacity Coverage's program of expanding through strategic partnerships with high quality agencies.  We are delighted to welcome the entire Mt. Pleasant team to the Capacity Group of companies."

David Harris, President of ARM-Capacity, added, "We are convinced that Mt. Pleasant, through the leadership of Joe Picharallo and Keith Shaland, is well positioned to continue to grow and thrive.  We are delighted to be working with Joe and Keith as partners."


Colleges see construction boom about to start

Honeywell's 147-acre campus getting makeover after years of controversy

Horizon cutting costs for those who use 'patient-centered' doctors

You May Have Missed...

Emily Bader

Emily Bader

Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy