Upstate Agency, LLC, part of the Arrow Family of Companies, has announced the acquisition of select assets of A&B Agency, Inc., an employee benefits insurance solutions provider located in southern Albany County.
The strategic partnership aligns with Upstate’s core business units, further enhancing its employee benefits solutions and expanding its geographic reach in the Capital Region and south.
“This partnership represents more than a business transaction; it’s a union of shared values, vision and passion,” said Douglas Thorn, president and CEO of Upstate Agency. “Having worked with owners Keith and Jennifer MacTavish in the past, I’m confident they’ll bring great expertise to our agency while continuing to serve their valued clients.”
Based in South Glens Falls, Upstate specializes in personal, commercial and employee benefits insurance solutions with a coverage area spanning from Albany to Plattsburgh. In terms of revenue, Upstate Agency currently ranks sixth in Employee Benefits and fifth for Property & Casualty in the Capital Region as compiled by the Albany Business Review.