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Tampa Bay credit union expands again, buying a 900-client insurance firm

By Mark Gordon
| 8:00 a.m. November 1, 2023
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

First banks. Now a credit unions is buying an insurance company.

This comes from Dunedin-based Achieva Credit Union, which announced it recently acquired Tampa-based Cannella Insurance Services. Cannella Insurance has some 900 insurance clients, primarily in the Tampa Bay region. Founded in 2003 by Joseph Cannella, it also has clients in Lee, Broward and Miami-Dade counties, according to a statement.

Financial terms of the deal weren't disclosed. Cannella Insurance will continue to operate under the same management and team under the new name, Achieva Insurance Agency LLC. Cannella was named director of Achieva Insurance Agency LLC, the release states.

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author

Mark Gordon

Mark Gordon is the managing editor of the Business Observer. He has worked for the Business Observer since 2005. He previously worked for newspapers and magazines in upstate New York, suburban Philadelphia and Jacksonville.