Atlanta-based and frequent Commercial Construction & Renovation contributor Sterling Risk Advisors Inc. and Savannah-based Seacrest Partners Inc. announce plans to merge and operate as Sterling Seacrest Partners Inc. The new company – with strong expertise in the construction industry – will be the largest privately held, independent insurance brokerage in the state of Georgia. The merger will officially take effect on July 1, 2017.
The new merged firm will employ more than 150 insurance agents and service team members with six offices in Atlanta, Savannah, Hilton Head, Columbus and Little Rock. A temporary webpage announces the new company here.
“We are thrilled to combine forces with Sterling Risk Advisors, a firm that shares our passion for a client first approach and a deeply rooted commitment to the communities we serve,”says David Paddison, president of Seacrest Partners. “We both understand the importance of independent ownership and how it has fostered alignment between our employees, our clients and our insurance carriers. This alignment of interest has been the cornerstone of our individual successes and will serve us well as we prepare to integrate our organizations.”
Clients of both firms will benefit from access to a broader team with a depth of resources, experience and knowledge that is unmatched in the market place. Sterling Seacrest Partners will offer clients a robust platform as they navigate their complex issues related to their risk management and employee benefit programs.
“The insurance landscape is constantly changing,” says Sterling President Doug Rieder. “Remaining private and independently owned is extremely important to us and to our clients. Our clients have the confidence and peace of mind that they will always receive the highest level of service from a loyal and dedicated team. It also allows us to stay nimble and quickly respond to changes in the market. We will continue to invest in the latest technology and be able to offer more resources to our clients as we work with them to navigate an increasingly challenging risk environment.”
The merger of Seacrest Partners and Sterling Risk Advisors will fill a gap created by the rampant consolidation of large independent brokers over the last several years and will give clients, insurance carriers and employees an option outside the public brokers and private equity owned platforms.
“Both firms have exceptional talent,” Paddison says. “We believe that together we can continue to cultivate and retain some of the best minds in the business while supplying more opportunity for growth. We are so thrilled because this is a win not just for our companies, but for our team members, our insurance partners and most importantly for our clients.”
