Agency enters into partnership with WD & Associates
Patriot Growth Insurance Services, LLC (“Patriot”), has announced a new partnership with Providence, RI-based WD & Associates (WDA).
“Our new partnership with Patriot is very exciting because of the local and national resources they add to our existing offering,” said William Delmage, Principal and Founder of WD & Associates. “And the overall support they provide to our agency allows us to continue to focus strategically on our clients and their needs as we grow our business and take it to the next level.”
Established in 1992 by William Delmage, WDA has been a family-owned and operated firm for more than three decades. While headquartered in East Providence, the agency also boasts two additional offices in Newport and Hoboken, NJ. The full-service insurance agency offers group health benefits, commercial property and casualty, group life and personal insurance. In addition, the agency also offers both traditional and custom insurance products, services, and consulting as well as compliance resources and human resource technology, tools, and information to help their clients with their business needs.
“I’m thrilled to welcome the entire talented WDA team to Patriot,” said Steve Carroll, SVP at Patriot. “As a family operated agency, it was important for them to find the right partner and we are fortunate they chose Patriot. Their long-term vision and accelerated growth goals align with the goals of Patriot, making this a great partnership.”
The new collaboration expands Patriot’s footprint in the northeast and adds resources and support to WDA.
A business model where agencies maintain their operational autonomy and name
As outlined in a previous Agency Checklists article, under Patriot’s business model, agencies partnering with Patriot maintain their local identity, culture, and autonomy while leveraging Patriot’s national resources to deliver high-quality customer service. The ideal acquisition partner candidates for Patriot are those who desire to continue to run their organizations on a day-to-day basis while preserving their brand and the agency’s legacy.
According to Mr. Gardner, Patriot strives to maintain the name and local brand recognition of its agencies.
“We think in the local markets…those agency names mean a lot and have a lot of brand equity, and a lot of times, the agency principals have their names on the door. That means a lot in their communities, so we believe strongly in retaining those local brands and those legacies.”
With this latest acquisition, Patriot Growth continues to expand its presence into New England, adding to its growing partnerships both inside and around Massachusetts. The following is a list of Patriot’s Partnerships in New England that Agency Checklsits has recorded thus far:
2021
- FBInsure
- Tino’s Insurance Agency
- Durand Insurance Agency of Seekonk
- Exchange Insurance Agency
- Paul B. Sullivan Insurance
