WALNUT
CREEK, Calif., July 9, 2024
/PRNewswire/ -- Heffernan Insurance Brokers, one of the
largest full-service, independent insurance brokerage firms in
the United States, has acquired
Costello Insurance Associates, formally adding aviation expertise
to its suite of services. Located in Tempe, Arizona, Costello joined as Heffernan's
aviation specialty practice effective May 1,
2024, and will report into Heffernan's Phoenix branch office. Terms of the
transaction were not disclosed.
Pat Costello is a pilot and
flight instructor with nearly 4,000 hours and founded the agency in
1991. Costello aids clients throughout the United States in obtaining coverage for
corporate and pleasure aircraft, including jets, gliders, and
drones, as well as operations such as flying clubs, flight schools,
and airports. Pat Costello and his
team of five employees will continue to service their new and
existing customers while providing a solution to cross sell
existing Heffernan aviation clients.
"Costello Insurance Associates joined Heffernan Insurance
Brokers with the understanding we could complement each other.
Every indication is that will be the case and the clients will
benefit. What stands out is how helpful and nice the people at
Heffernan are. The Costello staff and I feel truly fortunate to
become a part of the family," said Pat
Costello, now Vice President of Heffernan Insurance
Brokers.
"We're pleased to expand our Phoenix metropolitan area footprint with the
addition of Costello Insurance Associates. Costello's aviation
expertise is a welcome addition to our existing specialty
practices. The knowledge and experience of Pat and his team are
well respected in the industry, and we're excited to have them
onboard," said F. Michael Heffernan,
President and CEO of Heffernan Insurance Brokers.
As part of the next phase of Heffernan's growth strategy, we are
interested in collaborating with privately held independent brokers
across the United States. If you
are interested in learning more, please contact Matt McKenna, Director of Corporate Development,
at 925-746-7962 or matthewmc@heffgroup.com.
About Heffernan Insurance Brokers
Heffernan Insurance
Brokers, formed in 1988, is one of the largest independent
insurance brokerage firms in the United
States. Heffernan provides insurance and financial services
products to a range of businesses and individuals. Headquartered in
Walnut Creek, Calif., Heffernan
has offices in San Francisco,
Petaluma, Menlo Park, Truckee, Bakersfield, Woodland Hills, Los
Angeles and Irvine, CA;
Phoenix, AZ; Portland, OR; Seattle and Olympia,
WA; St. Louis, MO; and
London UK.
Employee-owned, Heffernan Insurance Brokers was named the Top
Mid-Sized Broker in the United
States to work for in 2009 by Business Insurance Magazine.
The firm has been among the Top Greater Bay Area Philanthropists
since 2003.
For more information, visit www.heffins.com. License
#0564249
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SOURCE Heffernan Insurance Brokers