DALLAS, June 15, 2016 /PRNewswire/ -- Higginbotham and AmeriCap Insurance Group, Inc. announced today the merger of their operations. Higginbotham is based in Fort Worth, Texas, and ranked by revenue as one of the largest independent insurance brokers of U.S. business, and AmeriCap is an independent broker based in Dallas with offices in Hurst and Sherman and a workforce of 25. Combined, the group has 50 Dallas-area insurance, risk management and employee benefit professionals backed by another 720 in 24 offices across the state.
This is the third merger Higginbotham has completed this year as part of a growth initiative started in 2008. The firm is expanding statewide by partnering with brokers that add capacity to its "single source" service model and geographic scale to its operation. Higginbotham founded its Dallas office in 1999, its third location at the time.
"This partnership literally doubles our manpower in Dallas," said Higginbotham President/CEO Rusty Reid. "What drives our growth strategy is our desire to give customers a single resource for all their insurance and financial services while keeping their business local. Adding partners like AmeriCap to Higginbotham lets us continue to give customers personal attention no matter our size."
Jeff Strahan and Brook Crawford started AmeriCap in 2012. A young management team dedicated to serving middle-market businesses commonly undervalued by large brokers propelled the agency's fast-paced growth. AmeriCap developed into a full-service practice with more than 1,500 business and individual clients through organic growth and acquisitions.
Jeff Strahan, AmeriCap principal, added, "Higginbotham focuses its efforts on mid-sized companies in Texas and makes services like loss control, employee benefit administration and compliance that are typically reserved for large national companies accessible to them. We have similar service philosophies, and Higginbotham's size gives us the substance to back it up."
AmeriCap will continue operating under the leadership of Managing Director Jeff Strahan at 15770 North Dallas Parkway, near the dynamic business community at Dallas North Tollway and Belt Line Road.
AmeriCap Insurance Group, Inc. is an independent property/casualty insurance, employee benefit and life insurance broker serving business and individuals in the Dallas Metroplex. It opened in 2012 with a mission to make the caliber of services offered by national brokers accessible to middle market customers without sacrificing personal account support. Visit www.americapgroup.com for more information.
Higginbotham is a single source for insurance and financial services that brokers business insurance, employee benefits, retirement plans, executive benefits, life insurance and home/auto insurance from more than 250 regional and national carriers. It supplements coverage with in-house risk management and benefit plan administration services. The firm was founded in 1948 and is headquartered in Fort Worth, Texas, with 23 additional offices statewide. Higginbotham ranks as the nation's 32nd largest independent insurance brokerage firm based on revenue (Business Insurance, July 2015). Visit www.higginbotham.net for more information.