Sukay & Associates Represents CNC Insurance Associates, Inc. in its Sale
Contact: Thomas J. Sukay
Sukay & Associates Represents CNC Insurance Associates, Inc. in its Sale to The Hilb Group LLC
(October 20, 2017, Naples FL.) – Tom Sukay, CEO of Sukay & Associates announced that the firm acted as the financial advisor for CNC Insurance Associates, Inc. in its sale to The Hilb Group LLC. Founded in 1978, CNC has annual revenues of approximately $1.3 million. Local operations will continue under the leadership of CNC President Kevin Nemith.
Tom Sukay stated that “CNC is the second agency that Sukay & Associates, Inc has recently represented in Delaware. In addition to CNC, the firm represented CIA Insurance. The transaction reinforces Sukay & Associate’s position as the leading financial advisory firm to insurance agencies in the Mid-Atlantic region. Although national in scope, Sukay and Associates has always focused on its foundation marketplace by representing agencies in New York, Pennsylvania, New Jersey, Maryland, Delaware, Virginia and Massachusetts.”
Sukay & Associates first established a relationship with CNC several years ago when conducting a review of agencies that maximized its ability to generate business through the utilization of online marketing tools. Kevin Nemith and Sukay President John Biasiello quickly established a relationship that helped enhance the marketing capabilities of both companies. When Kevin Nemith decided to pursue CNC’s strategic alternatives, the choice of Sukay & Associates as CNC’s financial advisor was made easy because of the existing relationship. The CNC deal became the next team effort of financial advisors and legal counsel that differentiates Sukay & Associates from other advisory firms. CNC’s legal counsel was led by Richard Satin of Schnader Harrison Segal & Lewis LLP who is often used as legal counsel by Sukay & Associates clients.
Kevin Nemith commented on Sukay & Associates, “Tom Sukay and John Biasiello have a great reputation as two individuals who will work exclusively in their client’s best interest. They faced the inevitable challenges with professionalism and effort. They established an excellent relationship with The Hilb Group and both parties resolved all issued in a timely manner. I expect to continue to have both a personal and professional relationship with John and Tom. I’m looking forward to my partnership with The Hilb Group and look forward to expanding the business by serving the needs of business owners in Delaware.”
Sukay & Associates was founded in 2003 to provide advisory services to the insurance industry. The principals – Thomas J. Sukay and John Biasiello – have more than 50 years of relevant deal and industry experience and have guided clients in every aspect of a transaction, including post-closing integration, to ensure returns are maximized. They have established a unique business model that separates them from all other advisors.
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