Heffernan buys media-focused broker Walterry in D.C. expansion push

What's the deal? Heffernan InsuranceDealroom has a profile for this one. Try Dealroom → Brokers has acquired Walterry Insurance BrokersDealroom has a profile for this one. Try Dealroom →, a Clinton, Maryland-based independent agency specialising in media and professional liability insurance. The Walterry team joined Heffernan effective May 1, 2026; terms were not disclosed.

What each side brings: Walnut Creek-based Heffernan, founded in 1988, is one of the largest independent insurance brokerages in the US. Walterry, established in 1968, has served clients for over 50 years, with expertise covering newspapers, broadcasters, film and television producers, and nonprofit trade associations.

What's the endgame? The deal expands Heffernan's presence in the Washington, D.C., metropolitan area. It also strengthens the firm's specialised capabilities in media liability and professional liability insurance.

What they're saying: "Their experience and commitment to their clients will be a valuable addition to Heffernan," said F. Michael Heffernan, president and CEO. Walterry vice president Bill Coady said the firms' values "align well" and clients would gain "additional capabilities and resources."

What's next? Heffernan said the acquisition is part of its broader growth strategy, and it is seeking to collaborate with privately held independent brokers across the US.

The signal: The deal reflects continued consolidation among US insurance brokers, as larger firms acquire niche specialists to add expertise and extend their regional footprint.

Read more: prnewswire.com

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