Skyla Insurance Services Expands Portfolio with Policyline Acquisition

On May 22, 2025, it was announced that Skyla Insurance Services, a branch of Skyla Credit Union, has successfully acquired Policyline Insurance, a prominent provider of insurance products and consulting services in employee benefits based in Cornelius, North Carolina. This acquisition marks a significant step forward for Skyla Insurance Services as it aims to enhance its capabilities in serving its corporate accounts and sponsor companies.

A Bright Future Ahead for Skyla Insurance Services

Founded in 2003, Policyline has built a solid reputation for helping businesses navigate the intricate landscape of employee benefits. With a strong focus on customer satisfaction and extensive industry expertise, the company has garnered the trust of numerous firms across the Carolinas, led by its owner, Geoff Ricks.

Jay Offerdahl, President of Viking Mergers & Acquisitions, who facilitated the deal, expressed enthusiasm about working with Ricks. "Geoff demonstrated a clear vision and a commitment to his clients throughout our discussions. It was a great experience, and we are excited to support both Skyla Insurance Services and Policyline in their next chapter together," Offerdahl stated.

Leadership Transition and Strategic Vision

As part of the acquisition, Geoff Ricks has taken on the role of President at Skyla Insurance Services. His extensive experience in employee benefits will be instrumental in guiding the combined organization towards future growth. Ricks mentioned, "We are excited about the opportunities this acquisition will present for both Skyla and our valued members."

Ray Crouse, President of Skyla Financial Solutions, echoed this sentiment, emphasizing that the acquisition will strengthen their ability to provide customized benefit offerings that support workforce attraction and retention, while also promoting cost efficiency for their partners.

Seamless Transition Process

The transaction, which concluded in the first quarter of 2025, was facilitated by Michael Elliott of Viking Mergers. Ricks commented on the smooth nature of the transition, crediting Elliott and Offerdahl for their steady guidance and professional demeanor. Thanks to their expertise and responsiveness, the complexities of the acquisition were handled efficiently, ensuring that all parties involved left the negotiation table satisfied.

A Shared Mission to Deliver Excellence

The merger signifies a pivotal milestone for both Skyla Insurance Services and Policyline as they aim to provide innovative, comprehensive insurance solutions combined with outstanding service. This acquisition will ultimately enable Skyla to bolster its role in the insurance market, catering to an even broader audience with tailored services.

In summation, the acquisition of Policyline by Skyla Insurance Services is a strategic move that not only enhances its service offerings but also positions the company as a stronger competitor in the insurance industry. The combined efforts of Ricks and the Skyla team are expected to yield significant benefits for their corporate members, ensuring that they continue to receive quality employee benefits and insurance consulting services that meet their unique needs.

To learn more about Viking Mergers and Acquisitions, please visit Viking Mergers for further insights into their services and successful track record in facilitating mergers and acquisitions.