San Antonio’s Spire Risk Management Acquires Employee Benefit Services

LP Buddy Morris has launched Spire Risk Management (SRM), a full-service insurance consulting firm specializing in employee benefits, property/casualty and retirement planning, in San Antonio, Texas.

Morris said the plan is to grow organically and through acquisitions adding great people along the way. SRM closed on its first acquisition of Employee Benefits Services (EBS) Inc. on Nov. 1

EBS was founded in 1986 by Art and Billie Villemain. The company provides employee benefit consulting, brokerage, and administration to privately held companies in the San Antonio area.

The Villemain’s son, Pete Villemain, has served as president of EBS since 2004 and will continue to serve as president of Employee Benefits for SRM.

Morris started his insurance career in 1998 when he founded Summit Insurance Group. In 2008, he sold Summit to Arthur J. Gallagher & Co., where he served as area president.

Source: Spire Risk Management

Topics Mergers & Acquisitions Employee Benefits