Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Lansdale, has acquired Cornerstone Insurance Services of Elkins Park.

The terms of the acquisition were not disclosed, according to a statement released by Union Bay.

“We are excited to bring Cornerstone Insurance Services to its next level of growth and development by teaming up with Union Bay.” Fred Milbert, Partner of Cornerstone Insurance Services, said. “We are confident that this transaction with Union Bay will benefit all of our stakeholders – both our insureds and our insurance company partners.”

“We are pleased to welcome Cornerstone Insurance Services,” Douglas M. Polley, Chairman of Union Bay Acquisition, said. “Fred Milbert, Steve Brennan, and the whole team are a skilled group of professionals with deep knowledge of property-casualty insurance, and we are excited to augment our portfolio with their expertise in the states of New Jersey and Pennsylvania.”

For more on Cornerstone Insurance Services, located at 7900 High School Road #1, you can visit their website.

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