CAMDEN — Allen Insurance and Financial, an independent, employee-owned company specializing in insurance, employee benefits and wealth management, has acquired the William E. Clark Insurance Agency of Skowhegan.

The William Clark Agency is a third-generation family-owned Maine business with deep roots in the greater Skowhegan community, according to an Allen Insurance and Financial news release. As part of the acquisition, Clark Agency owner Jennifer Frederick joins Allen as the company’s 98th co-owner. 

Headquartered in Camden since 1866 and serving clients across the U.S. through offices in Rockland, Camden, Belfast, Southwest Harbor, Waterville and Skowhegan, Allen Insurance and Financial is 100 percent employee-owned and has been recognized as one of Maine’s Best Places to Work for 14 consecutive years.

“This is an exciting new chapter for the William Clark Agency,” said Jennifer Frederick, third generation owner, in the release. “For more than 60 years, our focus has been on trusted relationships and personal service. “Joining Allen Insurance and Financial allows us to keep the same local team and level of care our clients expect, while gaining access to broader resources to better serve their needs now and into the future.”

“The William Clark Agency has earned the trust of its community over generations,” said Dan Bookham, senior vice president of business development at Allen. “This transition unites shared values and combines local expertise with broader resources to better support clients while keeping decisions close to home.”