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Buffalo Business First has recognized Merchants Insurance Group as one of “Western New York’s Top Private Companies” for the fifth consecutive year.

On the 2023 list, Merchants ranked fifth out of 51 private companies. This year’s results, which consist of financial data collected from 2022, show corporate growth in total revenues of approximately $30.7 million, or 6.8%, compared to 2021.

“We are proud to be a part of this impressive list of Buffalo private companies. Merchants Insurance has a long history in Buffalo. Our success can be attributed to our dedicated colleagues, strong independent agency partnerships, and loyal policyholders. We appreciate all the support and look forward to continued success in Western New York!”

Charles E. Makey, III, President of Merchants Insurance Group

The “Top Private Companies” list is comprised of Western New York-headquartered private companies that agreed to have their financial records reviewed by certified public accountants (CPAs) at Dopkins and Company LLP.

Buffalo Business First published “Western New York’s Top Private Companies,” in the November 24th edition of the publication.

To view the complete list, visit

Western New York's Top Private Companies logo, three green boxes

Katherine Trautwein

Merchants Insurance Group

Merchants Insurance Group sells its products through a network of more than 1,000 independent insurance agents in Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, and Vermont. We sell our products through independent insurance agents because we believe they provide value to policyholders through their broad range of products and their insurance expertise.