News:
Brokerage
Posted: October 18, 2016
Evergreen Insurance & Risk Management acquires Sheridan & Co.
Pequannock, NJ According to Evergreen Insurance & Risk Management, a leading national insurance brokerage for investment real estate, has acquired the assets of Sheridan & Company Group LLC and T.J. Sheridan & Co., Inc. Terms of the acquisition were not disclosed. The deal closed September 7, 2016.
Headquartered in northern New Jersey with a satellite office in Las Vegas, NV, Sheridan is a commercial lines insurance provider, with a very large concentration on investment property insurance, real estate insurance and condo association insurance.
Tom Sheridan, president and CEO of Sheridan–a 41 year insurance veteran–will continue on at Evergreen on a consulting basis. “We have worked on this deal for months to make sure that the transition should be as smooth as possible, I’m glad that we have accomplished that,” said Sheridan. “It’s been great dealing with the Evergreen team, now our clients can enjoy the advanced technology and service that Evergreen is known for.”
“This acquisition fits Evergreen like a glove, being that 90% of Sheridan’s clients are in the real estate industry, an industry where Evergreen is vastly known as being the leading experts in,” said Izzy Green, CEO of Evergreen Insurance. “I’m excited to work with Tom, his team and his customers and I look forward to growing this book. With our recent new offices, added staff and great systems we have put in place, we are more than ready for this acquisition. I’m excited for what’s to come.”
Evergreen Insurance & Risk Management was founded in 2009 by Izzy Green & Sol Eisenberg and has since grown to become the leading national provider for investment property & real estate insurance. Evergreen has been prominently featured in many leading real estate publications as the real estate and building insurance experts.
Tags:
Brokerage
MORE FROM Brokerage
Adler of Rand Commercial brokers $3.2 million sale of former St. Mark’s Episcopal Church property
Yonkers, NY Rand Commercial negotiated the $3.2 million sale of the former St. Mark’s Episcopal Church property. The 12,000 s/f property will become the new home of Predestined for Purpose
Quick Hits
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced