Strate Insurance coverage Group, a private traces company with workplaces in 5 Tennessee cities, is merging with Important Avenue Insurance coverage Group, a 127-year-old company with locales in North Carolina.
Strate officers mentioned in a information launch that the merged agency will function as Strate Insurance coverage Group, a Important Avenue Insurance coverage Group Accomplice. All staff members will stay with the brand new operation, and present clients will proceed working with Strate’s essential workplace in Morristown, Tennessee.
Strate was based in 1978 by Jack and Agnes Strate and Tom Strate, the information launch mentioned. Important Avenue has roots courting to 1898 and has workplaces in Charlotte and three different North Carolina cities, in addition to in Georgia. Important Avenue affords private and enterprise insurance coverage and worker advantages.
“I had the nice fortune to start out Strate Insurance coverage Group alongside my dad and mom, and eight years in the past welcomed my daughter, Katherine Strate Smith, to the enterprise,” Tom Strate mentioned in an announcement. “It’s a uncommon accomplishment to perpetuate a family-owned enterprise into the third technology.”
Katherine Strate Smith might be a accomplice and proprietor in Important Avenue, whereas Tom Strate will serve in an advisory position.
The merger was efficient Jan. 1. Phrases of the deal weren’t launched.
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