Oli Insurance Services Acquires Rose City Associates in Oregon

Oli Insurance Services Inc. has acquired Rose City Associates in Portland, Ore.

Pete Lackner and Bob Asher created Rose City Associates in 2012 through a merger of their respective agencies, and will continue to lead their team of employees following the transaction.

Terms of the deal were not disclosed.

Oli Insurance Services is a subsidiary of Heffernan Insurance Brokers that helps small independent agencies grow by providing market access, new business fulfillment, back office support, and technology solutions.

The business will operate autonomously as Heffernan Rose City, leveraging Oli’s and Heffernan’s market access, resources, and support to grow the agency.