Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010, continuing President Terry H. Buckner’s vision to grow Buckner’s insurance brokerage business by offering select niche market programs.
“We think the current recession has provided great opportunities for firms such as ourselves to grow our business,” Buckner said. “While the trucking industry is down right now, we are confident in the long term growth of the economy, and we think that trucking will play an important role in that recovery. … Expanded operations in our trucking and employee benefits practices have offset slumps in construction, which has, in the past, been an overwhelming percentage of our business.”
According to Flying J Insurance Services President Mark Farmer, his company places approximately $25 million of insurance premiums annually, and has been providing insurance to the trucking industry since 1997.
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