BOSTON--(BUSINESS WIRE)--One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced that it has acquired Montage, Inc. (Montage). Terms of the deal were not disclosed.
Included in the transaction are Montage Furniture Services and Montage Jewelry Care, based in Grand Rapids, Michigan. The firm provides protection plans for residential furniture, jewelry and watch purchases. Protection plans are distributed direct to consumers and through retail partners, and include traditional pooled risk, and captive/reinsurance protection programs. Montage has been in business for over 40 years and was the first traditional furniture protection plan vendor in the United States to offer plans backed by the security of an “A” rated underwriter.
“One80 entered the warranty business in 2020 with the acquisition of Safeware, a fully licensed insurance agency and Third-Party Administrator for extended warranty and service plan solutions. We are committed to growing in this space and look forward to partnering with the Montage team,” said Matthew F. Power, President, One80 Intermediaries.
“Montage has a reputation for timely and responsive service; from the initial contact with their service center staff, to the prompt dispatch of their certified repair technicians to the consumer’s home,” said Bryan Schutjer, Warranty and Product Protection Practice Leader, One80 Intermediaries.
“We are excited to be a part of the One80 platform as it will enable us to offer our retail partners and consumers with diverse warranty and protection plans, while allowing us to continue to provide market leading customer service and maintain our entrepreneurial culture,” said Alan Salmon, Managing Director, One80 Intermediaries.
About One80 Intermediaries
One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, professional and personal lines, life insurance, and travel/accident and health coverages. One80 specializes in key industry verticals such as medical stop loss, cannabis captives, alternative risk, warranty coverage and lender-based insurance. One80 serves commercial companies, non-profits, public entities, individuals and associations and unions, and has access to all major insurance markets in the US, Canada and UK. One80 has offices in more than 40 locations in the US and Canada. For more information visit www.one80intermediaries.com
