SIB acquires four insurance brokerages

Deal strengthens presence in key areas

SIB acquires four insurance brokerages

Insurance News

By Josh Recamara

StoneRidge Insurance Brokers (SIB) has acquired four Ontario-based insurance brokerages operating under the Marathon Insurance Group: SSY Marathon Insurance Brokers, K.O. Bartholomew & Son, Ron Johnston Insurance and Buckler Insurance Service. 

The brokerages, located in Richmond Hill and Orillia, have served personal and commercial clients for over 30 years. They will continue to operate under their existing brands following the acquisition. Founders John and Angie Moulatsiotis will remain in leadership roles during a transition period. 

“We are incredibly proud of the relationships we've built and the trust we've earned over the last 3 decades,” said John and Angie Moulatsiotis. “Partnering with SIB allows us to maintain the same personalized service our clients expect while benefiting from the strength, scale, and innovation of a national platform.” 

“We are thrilled to welcome John, Angie, and their entire team to the SIB family,” said Ted Puccini, President and CEO of SIB. “They have built trusted, community-focused brokerages over the past 30 years, and their dedication to clients and staff aligns perfectly with our values.” 

Financial terms of the transaction were not disclosed. 

What are your thoughts on this acquisition? Please tell us below. 

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