Patriot Growth Insurance Services, a national insurance firm, has recently completed the acquisition of Lupton & Luce, a property/casualty agency based in Riverhead, New York. With a history dating back to 1939, Lupton & Luce is led by Hallock Luce IV and has strong roots in the greater Long Island area. The agency specializes in providing risk management services to fire districts and ambulance companies.
This strategic partnership marks a significant expansion for Patriot in New York, where they already have over 10 agencies offering a range of insurance services including risk management, property/casualty, and employee benefits. Founded in 2019, Patriot now operates in 194 locations across 27 states, with more than 1,850 employees. The firm is supported by GI Partners and Summit Partners, further solidifying their position in the insurance industry.
The acquisition reflects Patriot’s continued growth and commitment to serving clients with high-quality insurance solutions. By integrating Lupton & Luce into their network, Patriot aims to enhance their services and reach a wider client base in New York. This move aligns with Patriot’s mission to provide comprehensive and tailored insurance options to meet the evolving needs of their customers.
For more information on mergers and acquisitions in the insurance industry, visit Insurance Journal’s Mergers & Acquisitions section. If you’re interested in staying updated on this topic, be sure to subscribe for automatic alerts.
