LD&B to Expand in ‘Most Significant Deal’ in its History
LD&B Insurance and Financial Services is delighted to announce an agreement to acquire Weaver Insurance and Financial Advisors in a deal that will significantly expand LD&B’s offering for clients throughout Virginia.
Described as the “most significant deal” since the company launched in 1974, Harrisonburg-based LD&B Insurance and Financial Services believes this acquisition will enhance its profitability and growth profile, in line with its strategic aspirations. Weaver’s staff and premises in Waynesboro will be retained in the deal.
Chief Executive Troy Suter said the acquisition of Weaver will be “highly complementary to LD&B as our values and culture are remarkably aligned. Both organizations are renowned for their outstanding customer service, professional and friendly approach, and excellent, personalized client care. The team at Weaver is a great fit for us, and I have been extremely impressed with their skills, professionalism and knowledge base.”Weaver Insurance and Financial Advisors has a 67-year history of serving clients throughout the central Shenandoah Valley of Virginia and beyond from its base in Waynesboro. President and Senior Financial Advisor Chad Hatter said: “LD&B Insurance and Financial Services is a fantastic business that is embarking on a new stage of growth, and we are delighted to be joining an organization renowned for its outstanding customer service, professionalism and friendly approach. We’re excited to join LD&B and remain committed to providing the same personalized care our clients expect.
”In terms of the benefits to residents and businesses of Virginia, Troy Suter noted: “While the large national brands are increasingly deploying AI to influence consumer decision-making, it’s incredibly important that a local independent resource is available, one that works on behalf of their clients to provide choices tailored to their specific needs. Households and businesses must frequently make significant insurance and financial purchasing decisions, and an independent broker can source the best combination of coverage and price. We bring significant value to the conversation by understanding each of our client’s circumstances, context and aspirations.
By welcoming Weaver into the LD&B family, we are ensuring that members of our local communities, all of Virginia, and beyond can continue to rely on trusted information from a reputable source.”
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