Stahlka Insurance Co. has acquired Historic Square Agency, an Orchard Park-based insurance company.
Stahlka Agency plans to merge Historic Square and its two remaining employees with Stahlka's own Orchard Park location.
Gerald Vigneron, the managing director of the consultant that represented Stahlka in the deal, said that the transaction made sense for both parties.
"[Historic Square] wanted to focus on their core market, which is Erie and the surrounding northwestern Pennsylvania area," Vigneron, who heads North Bridge Advisors in Concord, Mass., said in an email. "It also made sense for Stahlka to add business to its Orchard Park location."
Stahlka currently has between 45 and 50 employees, according to Vigneron. The 57-year-old company is part of Williamsville-based EMS Group, which offers commercial and personal insurance lines.
Mark Stahlka, president of Stahlka Agency, called the deal "a win-win for both buyer and seller."
"This is a key strategic acquisition as we expand our business in Western New York," Stahlka said in a statement.
No financial details of the transaction were disclosed.