2020 business moves & mergers News

Insurance Broker PCF Acquires Avidity Insurance in Kansas

PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Avidity Insurance, an Overland Park, Kansas-based independent insurance agency founded in 2013 by Will Wilson. Avidity offers home, auto, business, life and specialty insurance products and services. Founded in …

Ohio’s Golden Eagle Insurance, Florida’s Innovative Risk Solutions Merging

Ohio-based Golden Eagle Insurance and Innovative Risk Solutions are merging to form a new company, Unitas Financial Services. The merger is expected to be completed by Jan. 1, 2021. Innovative Risk Solutions is headquartered in DeBary, Florida. Both companies are …

The Hilb Group Acquires Michigan Agency, CIA Financial Group

The Hilb Group LLC (THG) has acquired CIA Financial Group Inc. (CIA), a Michigan-based independent insurance agency. The transaction became effective on July 1. Founded in 1975, CIA delivers insurance and risk management solutions to a diverse set of customers …

Texas Agencies Higginbotham and Borden Insurance Merge

Fort Worth, Texas-based Higginbotham and Borden Insurance, an independent insurance agency located in Corpus Christi, Texas, have joined forces. Led by President and CEO David Erwin Borden, Borden Insurance was previously held by American Financial Insurance Services Inc., a subsidiary …

Iowa’s First Mainstreet Insurance Acquires 3 New Agencies

Cedar Rapids, Iowa-based First MainStreet Insurance (FMSI), a TrueNorth affiliate, has added three new firms to its family of insurance agencies — two in Iowa and one in Tennessee. FMSI acquired Sisson and Associates of Charles City, Iowa. The agency …

Insurity Acquires Virtual MGA in Texas

Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA. The deal, which closely follows the June 22 acquisition of Florida-based Epic-Premier Insurance Solutions …

Hub Acquires Assets of Gus Bates Insurance & Investments in Texas

Chicago-based global insurance brokerage, HUB International Limited (Hub), has acquired the assets of GBC Benefits Ltd., d/b/a Gus Bates Insurance & Investments (Gus Bates I&I), located in Fort Worth, Texas. Terms of the transaction were not disclosed. Gus Bates I&I …

USI Closes Acquisition of Associated Benefits & Risk Consulting

USI Insurance Services (USI), headquartered in Valhalla, N.Y., has completed its acquisition of Associated Benefits & Risk Consulting (ABRC) from Associated Banc-Corp., based in Green Bay, Wisconsin ABRC is a multi-line insurance agency and Midwest-based consulting firm with 400 employees, …

Hilltop Holdings Completes Sale of National Lloyds to Align Financial

Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC (Align) announced the completion of the sale of Hilltop’s wholly owned Texas-based subsidiary, National Lloyds Corp. (National Lloyds), to Align on June 30. The transaction, which was first announced in January …

World Insurance Associates Acquires Pinnacle Insurance Group of Indiana

World Insurance Associates LLC (WIA) has acquired Pinnacle Insurance Group of Indiana. Terms of the transaction were not disclosed. Since 1942, Pinnacle Insurance Group of Indiana has been a trusted insurance and risk management advisor to commercial and personal insurance …