On Aug. 4, PayneWest Insurance finalized its acquisition of Stieg & Associates Insurance in Baker. It acquired Stieg & Associates Insurance’s operating companies in Billings, Great Falls, Missoula and Yakima, Washington.
Stieg & Associates Insurance focused its practice on the transportation industry.
“We’ve admired our friends at Stieg for many years, in hopes that one day we could partner together. Today, it’s actually happening,” PayneWest CEO Kyle Lingscheit said. “Stieg’s colleagues are extremely respected for their high-level of service and knowledge in the transportation industry. We’re absolutely thrilled to bring this experience and specialty practice to PayneWest.”
PayneWest will continue to operate the new division using the Stieg name and will be called: Stieg Insurance, A Division of PayneWest.
For more information about PayneWest, visit www.paynewest.com.
The Montana Chamber of Commerce is looking forward to see how these combined entities will strengthen the workforce in Montana, which is a core objective of its strategic plan, Envision 2026.