Mount Nice-based Johnson & Johnson will develop its insurance coverage providers in Georgia with the acquisition of National Program Management. The transaction is predicted to shut on Tuesday, the corporate mentioned in a information launch.
This marks the 10th acquisition since 2009 for the family-owned Johnson & Johnson, according to the company’s website.
“By specializing in sturdy performers with the identical values and cultures, J&J continues to develop our product portfolio and robust management place in key markets all through the japanese United States,” the web site says.
NPM, situated in Alpharetta, Ga., was based within the mid-1980s as a wholesale dealer specializing in environmental, property and casualty insurance coverage. Twenty-four years later it acquired Leverett Insurance coverage Group, increasing its brokerage choices to incorporate vitality, manufacturing, actual property, transportation, building, retail and different providers.
Scott Lewis, common supervisor of NPM, mentioned the mixed enterprise would lead to new alternatives for brokers within the firm.
“Most significantly, we consider our alignment with Johnson & Johnson permits us to additional strengthen our valued relationships with our brokers by an expanded array of services and products,” Lewis mentioned.
Johnson & Johnson gives providers to brokers in Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, and Virginia.