INSURICA has acquired First Texas Insurance Services, based in Arlington, Texas.
Trey Dacy and Bob Walch, principals at First Texas Insurance Services, and their team will join INSURICA. A third partner, Gary McNeil, along with his account team, joined INSURICA on January 1.
First Texas’ office is located next to that of INSURICA’s in Arlington. Plans are to combine the two offices in a single location in the future.
The merger was handled internally with a team led by John Hester, senior vice president of Mergers and Partnerships. Financial due diligence was performed by INSURICA CFO, Ed Young, and Enterprise Controller Amy Herboek. The effective date for the deal is June 1, 2019.
With annual revenues topping $105 million, INSURICA employs nearly 600 employees in 30 offices located throughout Oklahoma, Texas, Arkansas, Colorado, Arizona, and California.
Source: INSURICA
Topics Mergers & Acquisitions Texas
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