Oklahoma City, Okla.-based INSURICA has acquired Zodrow & Neighbors Insurance LLC.
Terms of the deal weren’t disclosed. The deal, which will be effective on June 1, is INSURICA’s fifth acquisition this year.
Owasso-based Zodrow & Neighbors will enhance INSURICA’s presence in Northeast Oklahoma, bringing additional specialty expertise to the state’s largest independent insurance agency, according to statement announcing the acquisition.
Under the direction of INSURICA Tulsa President Joseph Sanchez, plans are underway to relocate colleagues in Zodrow’s Owasso office into the historic Beacon Building, INSURICA’s downtown Tulsa location. Additionally, both Zodrow and INSURICA have offices in Sand Springs which will be combined in the near future.
INSURICA places a reported $1.5 billion in annual premiums and has more than 530 employees in 29 offices located throughout Oklahoma, Texas, Arkansas, Colorado, Arizona and California.
Topics Mergers & Acquisitions Oklahoma
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