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CBIZ Inc. has acquired substantially all the assets of Washington D.C.-based Alliance Insurance Services Inc., in a deal effective Feb. 1.

With roots dating back to 1986, AIS is an independent insurance agency providing property and casualty insurance as well as personal lines to small and midsized clients across many industries including charter schools, real estate, construction, and technology in the DC metro area. AIS has nine employees and approximately $1.6 million in annual revenue.

"Coming off another strong year in 2019 for our Property and Casualty Insurance business, the acquisition of AIS adds important talent to our position in the growing DC metro and Maryland markets,” CBIZ President and CEO Jerry Grisko said in a statement. “We are fortunate that AIS shares our commitment to exceptional client service and look forward to welcoming them to CBIZ."

Ken Daveler of AIS added: "Joining the CBIZ family is a natural fit because our core value of providing professional service with a personal touch aligns with CBIZ's approach and culture. We are excited to take our clients' experience to the next level by offering them access to a broader range of services backed by CBIZ's national expertise."

CBIZ also announced the acquisition of Pension Dynamics Co. LLC. 

PD, founded by Stephen Butler in 1979, is a full-service retirement and benefits plan adviser with 25 employees and approximately $3.6 million in annual revenue.

"The acquisition of Pension Dynamics strengthens our position as one of the nation's premier retirement planning service providers by expanding our advisory capacity on the west coast," Grisko said in a statement. "As the fourth such acquisition in our retirement planning business within the past two years, we continue to invest in and grow this business along with our presence in California. We welcome Melanie and the entire Pension Dynamics team to the CBIZ family and look forward to working with them to provide exceptional services to our clients."