Mount Pleasant-based Johnson & Johnson will expand its insurance services in Georgia with the acquisition of National Program Management. The transaction is expected to close on Tuesday, the company said in a news release.
This marks the 10th acquisition since 2009 for the family-owned Johnson & Johnson, according to the company’s website.
“By focusing on strong performers with the same values and cultures, J&J continues to expand our product portfolio and strong leadership position in key markets throughout the eastern United States,” the website says.
NPM, located in Alpharetta, Ga., was founded in the mid-1980s as a wholesale broker focusing on environmental, property and casualty insurance. Twenty-four years later it acquired Leverett Insurance Group, expanding its brokerage offerings to include energy, manufacturing, real estate, transportation, construction, retail and other services.
Scott Lewis, general manager of NPM, said the combined business would result in new opportunities for agents in the company.
“Most importantly, we believe our alignment with Johnson & Johnson allows us to further strengthen our valued relationships with our agents through an expanded array of products and services,” Lewis said.
Johnson & Johnson offers services to agents in Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, and Virginia.