Choice Financial Buys Pensylvania’s Fonner Insurance

Choice Financial Group reported that it has acquired property/casualty insurance agency Fonner Insurance Associates in Abington, Pennsylvania.

Fonner has served the greater Philadelphia area for 30 years led by the Fonner family. William and Eric Fonner will continue managing the business as part of Choice.

Fonner represents the sixth acquisition for Choice since partnering with private equity firm Northlane Capital Partners in October 2021.

Choice is expanding its market presence through targeted acquisitions. Choice is headquartered in Virginia Beach, Virginia, and has 18 offices in eight states.