Indianapolis-based insurance broker ONI Risk Partners Inc. announced Tuesday that it would acquire Green Owens Insurance Inc., a 38-year-old independent agency based in Franklin.
Terms of the deal were not announced.
ONI Risk Partners was formed in mid-2016 through the merger of Atlanta-based Prime Risk Partners Inc.’s acquisition of Indianapolis-based Old National Insurance and its subsidiaries JWF Specialty Co. and Employee Plans LLC.
The combined company has more than 300 employees in offices in Indiana, Illinois and Kentucky. ONI offers commercial insurance, employee benefits and personal risk management products.
Green Owens has a dozen agents at offices in Franklin and Seymour. It offers auto, casualty, business and other lines of insurance products.
“This is an exciting opportunity to join a dynamic regional and national organization that reflects the same values that made us successful,” said Jim Wise, partner and principal agent of Green Owens, in written comments. “While our clients will continue to work with the account executives and service teams they know and trust, being part of a larger organization will provide access to a fully developed platform of commercial, employee benefits, and personal risk management services.”