Schrager Hampson Aviation acquires Northeast Aviation & Marine of New York

Massachusetts-based Schrager Hampson Aviation Insurance Group reports that it has acquired Schenectady, New York-based Northeast Aviation & Marine Insurance Brokers.

Northeast Aviation & Marine handles aviation including international cargo, storage, passenger/excursion vessels, commercial fishing vessels, tugs, barges, private yachts, marinas, boat dealers and personal watercraft.

The acquisition is aviation specialist Schrager Hampson’s fifth aviation insurance acquisition.

Northeast Aviation & Marine was a subsidiary of Sykes-Mallia Associates, Inc., a commercial and personal lines agency. Jack Mallia, whose father founded the family agency, has now joined Schrager Hampson Aviation Insurance Group. Mallia’s aviation risk experience extends to lessee and Cessna 150 policies to owner-operated aircraft, warbirds, antique aircraft, charter operators, flight schools, aircraft management, quota share programs and weather balloons.

Headquartered in Bedford, Mass., Schrager Hampson has additional offices in New Hampshire and Connecticut. Licensed in all 50 states, it provides insurance for private, corporate and commercial aircraft and aviation operations, airports and unmanned aircraft and drones.

TOPICS
New York Aviation Mergers and Acquisitions