Collins & Associates in Grand Rapids has acquired insurance broker SAIF Agency Group Inc. in Kingsley, just south of Traverse City.
Terms of the deal were not disclosed. Collins & Associates acquired SAIF Agency Group from owner Cliff Shanoski.
Calder Capital LLC served as the advisor to Collins & Associates, which offers commercial and personal lines of insurance.
“We have been growing organically at a very nice clip,” said President Parke Collins III. “However, it was in our strategic best interest to acquire a firm in northern Michigan and SAIF Agency had all of the right characteristics. We look forward to providing their customers a great level of care and a wider range of services and choices.”