Union Bay Acquisition LLC acquires Loyalhanna Insurance Group

Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania, has acquired the assets of Loyalhanna Insurance Group of Latrobe, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania.

Tim Fennell, owner of Loyalhanna Insurance Group, stated, “Loyalhanna Insurance Group made a good choice combining with Union Bay.” He added, “we are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”

“We are pleased to welcome Loyalhanna Insurance Group. Tim Fennell and his team are a respected group of professionals with deep knowledge of property-casualty insurance in Western Pennsylvania, and we are excited to augment our portfolio with their expertise. This acquisition gives Union Bay reach into the Pittsburgh insurance market, as well as greater Western Pennsylvania.” – Douglas M. Polley, Chairman of Union Bay Acquisition.