Higginbotham Acquires Share of Willis of Texas, Inc.'s Operations

FORT WORTH, Texas, July 3, 2014 /PRNewswire/ -- Higginbotham today announced the purchase of a portion of Willis of Texas, Inc.'s operations. Both are insurance brokers and service providers for commercial and personal coverage, risk management and employee benefits. The transaction includes Willis of Texas, Inc.'s operations in San Antonio, McAllen, Victoria and Tyler. Combined, they add 35 employees and one new geographic market to Higginbotham's Texas footprint.

Higginbotham is the 32^nd largest independent insurance broker by revenue in the U.S. and is headquartered in Fort Worth, Texas. With another 22 offices across the state and a workforce approaching 650, Higginbotham has become one of the largest regional insurance firms in the U.S.

"The talent, knowledge and experience that these groups bring to Higginbotham strengthens our ability to address the evolving risks of a diverse clientele," said Higginbotham President/CEO Rusty Reid. "Adding expertise benefits Higginbotham as a whole, but more importantly, it enables us to provide our single source solution for insurance and risk management through professionals working down the street from our clients. The groups in San Antonio, Victoria and Tyler will fortify our existing offices in those cities, and McAllen brings a new opportunity to expand local service to clients in the southern tip of Texas."

The San Antonio and McAllen offices will continue being led by Managing Directors Drew Apperson and Ben Smith, respectively. The Victoria and Tyler groups will merge with Higginbotham's residing offices. 

About Higginbotham

Higginbotham is a single source solution for insurance, risk management and financial services that provides business and individual clients with property/casualty coverage, employee benefits, retirement plans, life insurance and executive compensation from more than 250 market-leading insurers. The firm was founded in 1948 in Fort Worth, Texas, and has grown to encompass more than 20 offices spanning the state. Higginbotham ranks as the nation's 32^nd largest independent insurance brokerage firm based on revenue and the second largest in Texas (Business Insurance, July 2013). Find more information at www.higginbotham.net and blog Straight From The Source.

SOURCE Higginbotham