Woodruff Sawyer announced today that it will be acquiring Neovia Integrated Insurance Services in Pasadena, California. The two firms have similar values built on integrity, innovation and client advocacy, and specialize in many of the same industry verticals for which they are the broker of choice. A full-service insurance brokerage, Woodruff Sawyer will leverage the proprietary and client-focused employee benefits solutions for which Neovia is known. The synergies between the two firms will also enable Woodruff Sawyer to implement an extensive platform of additional Employee Benefits, Property-Casualty and Management Liability expertise to Neovia’s established client base across Southern California.
“We are very excited to have Neovia join forces with us,” said Ron Packouz, Woodruff Sawyer’s Southern California Practice Leader. “We’re combining our deep industry expertise to purposefully grow our first-class team. Given Woodruff Sawyer’s rapid growth across the Southern California marketplace, this expansion demonstrates our constant eye towards elevating our services and providing the innovative and effective insurance solutions that our tech-savvy and data-driven clientele need.”
“For the past three decades, Neovia’s focus has been on managing our clients’ costs while helping their employees navigate the healthcare system,” said Jeff Slay, CEO at Neovia. “Joining the Woodruff Sawyer team combines our resources and talents, which better positions us to deliver the very best service for our clients in today’s ever-changing healthcare environment.”
“Both of our firms are focused on providing client-centered solutions, cutting-edge resources, and best-in-class service,” said Kathy Prosser, National Employee Benefits Practice Leader at Woodruff Sawyer. “This further expansion of our national geographic footprint strategically positions us for significant future growth.”