Bukaty Property & Casualty Services Inc., a division of Bukaty Companies, has acquired Marino & Associates. Transaction terms were not released.
Bukaty said that the acquisition, finalized Jan. 8, would substantially increase the company's current block of property-casualty business and give its clients access to new risk management markets and more competitive pricing.
"Our vision is to be the premier property and casualty broker firm in the Kansas City metro [area]," said Mike Sikora, managing principal of Bukaty, in a statement. "This strategic acquisition is an important next step."
Founded in 1983, Marino & Associates specializes in commercial and personal lines of insurance. Operations of the nine-person agency will be consolidated over the course of the next two months, Bukaty said.
Employees will work from Bukaty's headquarters in Leawood, Kan.
Bukaty Companies, founded in 1991, has more than 65 employees and wrote $6.6 million in p-c premium volume and $145 million in life, health and benefits premium volume in 2005. Bukaty Property & Casualty services include commercial and personal lines.
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