four CAA Companies Broaden By means of M&As

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Austin, Texas-primarily based Mixed Agents of America LLC (CAA) announced that member agencies have expanded their books of enterprise and spots by way of mergers and acquisitions (M&A) above the final 9 months.

Collectively, 4 CAA members have grown their agencies by an estimated $ 38 million in premium.

Mergers and acquisitions completed by 4 CAA member agencies for the duration of the final 9 months:

  • Jan. one, 2015: Garrett Insurance purchased Frantzen, Kaderli & Klier Insurance coverage Agency Inc. primarily based in Fredericksburg, Texas, with an estimated yearly property and casualty volume of $ 6.5 million in premium. The obtain also contains a sizeable rewards guide. Garrett Insurance also obtained Texas Hills Insurance Company the preceding yr in April 2013. Garrett Insurance is based mostly in Kerrville, Texas.
  • June 2, 2014: BRIA Insurance and Chance Consultants bought a private lines book of organizations with an estimated annual premium of $ one.2 million premium from New Mark Insurance, an additional Austin-primarily based company. BRIA is based mostly in Austin, Texas.
  • Could one, 2014: DFB Insurance coverage Group bought the assets of PIA Insurance coverage Agency primarily based in Amarillo, Texas, including 2 different entities over a 4-month period. The acquire incorporated its property/casualty company, and its life and well being enterprise, as well as bringing in Grant Smith and Al Cunningham as partners throughout these transactions. All collectively these acquisitions added an estimated complete of $ 20 million in premium to its guide of company. DFB offered its Austin operations in purchase to concentrate its development in West Texas and the DFW region on July 2014. The DFB Insurance coverage Group total company revenue is about $ 10 million as of December 2014. With offices in Pampa, Amarillo, Borger and Dallas-Fort Well worth, DFB Insurance coverage Group is 1 of the biggest companies in Texas. DFB Insurance coverage Group is headquartered in Pampa, Texas.
  • Could 1, 2014: Keller Leopold Insurance coverage LLC merged with Bridges Insurance coverage, a former CAA member company, incorporating an estimated $ 10 million in premium and together generating an estimated combined premium of $ 50 million.  The Bridges owners became new companion and owners in Keller Leopold Insurance coverage and it increased Keller Leopold’s number of offices to 6 places, all in Western Kansas. Keller Leopold is based mostly in Garden City, Kansas.
  • Supply: CAA
  • CAA Companies Expand By means of Mergers & Acquisitions
  • Combined Agents of America LLC (CAA) announced that member companies have expanded their book of enterprise and places through a substantial quantity of mergers and acquisitions (M&A) above the last 9 months. Together, 4 CAA members have grown their agencies by an estimated $ 38 million in premium.
  • Mergers and acquisitions completed by 4 CAA member agencies throughout the last 9 months:
  • Jan. 1, 2015: Garrett Insurance coverage bought Frantzen, Kaderli & Klier Insurance coverage Company Inc. based in Fredericksburg, Texas, with an estimated annual property and casualty volume of $ 6.5 million in premium. The purchase also involves a sizeable rewards guide. Garrett Insurance coverage also bought Texas Hills Insurance coverage Agency the earlier yr in April 2013. Garrett Insurance coverage is based in Kerrville, Texas.
  • June 2, 2014: BRIA Insurance coverage and Threat Consultants obtained a personalized lines guide of businesses with an estimated yearly premium of $ 1.2 million premium from New Mark Insurance, an additional Austin-based company. BRIA is based mostly in Austin, Texas.
  • Might one, 2014: DFB Insurance Group bought the assets of PIA Insurance Agency primarily based in Amarillo, Texas, such as 2 different entities above a 4-month period. The acquire integrated its house/casualty company, and its daily life and health business, as properly as bringing in Grant Smith and Al Cunningham as partners throughout these transactions. All with each other these acquisitions extra an estimated complete of $ 20 million in premium to its guide of enterprise. DFB offered its Austin operations in order to concentrate its growth in West Texas and the DFW spot on July 2014. The DFB Insurance coverage Group total company revenue is around $ 10 million as of December 2014. With offices in Pampa, Amarillo, Borger and Dallas-Fort Well worth, DFB Insurance Group is one particular of the largest agencies in Texas. DFB Insurance Group is headquartered in Pampa, Texas.
  • Might 1, 2014: Keller Leopold Insurance LLC merged with Bridges Insurance, a former CAA member company, adding an estimated $ 10 million in premium and collectively generating an estimated combined premium of $ 50 million.  The Bridges owners became new partner and owners in Keller Leopold Insurance and it increased Keller Leopold’s variety of offices to 6 locations, all in Western Kansas. Keller Leopold is based in Garden City, Kansas.

Source: CAA

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