Oswald continues to expand its benefits practice
CLEVELAND – Feb. 25, 2013 – Oswald Companies – one of the largest independently owned insurance brokerages in the U.S. – has announced the acquisition of Knezevich & Foerster, LLC., a local firm specializing in group benefits insurance. The acquisition is in direct response to Oswald’s continued strategic growth and expansion in the state of Ohio.
Oswald offers a full range of insurance services including: group benefits, property & casualty, retirement plan services, life insurance and personal risk management worldwide.
“My team is excited to be a part of such a progressive organization. Oswald Companies offers a great deal of resources and expertise that will only enhance the products and services we have offered in the past to our clients”, said Sue Foerster, a 30-year industry veteran and President of K & F “Like Oswald, our goal has always been to provide innovative employee benefit solutions while delivering exceptional customer service.”
K & F employees will remain at their current Independence, Ohio location until Oswald moves its headquarters to a new office space on 1100 Superior Ave. in August 2013.
“By acquiring highly regarded agencies like K & F, we strengthen our commitment to the region,” said Robert J. Klonk, Chief Executive Officer of Oswald Companies. “Through smart acquisitions and additional services, we will continue to invest in the Midwest, while further expanding our market position and the ability to drive meaningful results for clients.”
This acquisition marks the second expansion in the last year. Oswald acquired Union Insurance Group in May 2012.