Patriot Growth buys California brokerage

Acquisitive brokerage Patriot Growth Insurance Services LLC on Tuesday said it had acquired CoreMark Insurance Services Inc., a Sacramento, California-based brokerage.

Terms were not disclosed.

CoreMark offers commercial property/casualty insurance, employee benefits and personal lines, a Patriot statement said. It has about 30 staff.

Private equity-backed Patriot, which was founded in 2018, is the 26th-largest broker of U.S. business, according to Business Insurance’s most recent ranking.