CBIZ Acquires Insurance Firm

CBIZ Acquires Insurance Firm

IPA 100 firm CBIZ & MHM of Cleveland and Kansas City, Mo., has acquired Prince-Wood Insurance of Woodbridge, Va.

Established in 1967, Prince-Wood provides property and casualty insurance to small and mid-sized businesses in northern and central Virginia, Maryland and Washington. The company has seven employees and approximately $1.2 million in annual revenue.

“Despite the impact of the ongoing COVID-19 pandemic, our property and casualty business continues to grow coming off a very strong year of performance in 2019,” says CBIZ president and CEO Jerry Grisko. “Prince-Wood is an ideal partner given their long-standing local presence and deep client relationships.”

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