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Report: McMahon Agency to acquire New Jersey-based insurance agency

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Report: McMahon Agency to acquire New Jersey-based insurance agency

Ocean City, N.J.-based McMahon Agency Inc. will acquire Manahawkin, N.J.-based Anderson Insurance Agency, effective at the end of October, The Sandpaper reported.

Co-principals Andrew Anderson and Daniel Taylor announced Sept. 5 that the agency had signed an agreement of sale with McMahon Agency through a letter to clients.

Anderson and Taylor will both remain in active advisory roles for a period of time and will closely work with McMahon Agency to ensure a smooth transition and continuity of service, according to the report.

Anderson Insurance Agency provides insurance to commercial and residential clients.