Insurica
Pay Now
Client Login

FOR IMMEDIATE RELEASE

EMPLOYER SOLUTIONS GROUP JOINS INSURICA

OKLAHOMA CITY, OKLAHOMA (July 2, 2018)

INSURICA is pleased to announce their sixth acquisition of the year: Employer Solutions Group. Based in Austin, ESG is a leading provider of Employee Benefits programs throughout Texas.

“Michael Bakonyi and Thomas Seuthe have an amazing track record in the employee benefits space. Their expertise is matched only by their sincere enthusiasm to help clients attract and retain the best talent through well-designed programs,” said Mike Ross, INSURICA CEO.

“Our team is excited to be a part of INSURICA,” commented Michael Bakonyi, President of ESG. “Since our first meeting, we’ve recognized the synergies that exist between our two agencies and we’re thrilled at the opportunities that lie ahead.”

Talks initially began between ESG and INSURICA at the request of Austin Branch Manager, Devin Stewart. Soon the entire ESG team will be joining Stewart, relocating to INSURICA’s Austin office complex.

The merger was handled internally with a team led by John Hester, Sr. VP of Mergers and Partnerships. Financial due diligence was performed by INSURICA CFO, Ed Young, and Enterprise Controller, Amy Herboek. The effective date for the deal is June 1, 2018.

With annual revenues topping $100 million, INSURICA employs over 530 employees in 30 offices located throughout Oklahoma, Texas, Arkansas, Colorado, Arizona, and California.

FOR MORE INFORMATION:
Kevin Wellfare, VP Marketing
405.523.2100
Kevin.Wellfare@INSURICA.com

About the Author

INSURICA
INSURICA

Share This Story

Stay Updated

Subscribe to the INSURICA blog and receive the latest news direct to your inbox.

Subscribe to the blog

Related Blogs

Closing the Savings Gap: Empowering Women for Retirement

April 3rd, 2025|Blog, Employee Benefits|

A new generation of women is stepping up to take control of their financial futures, but some still face barriers to saving enough for a secure retirement. Employers have a vital role to play in providing the tools and resources women need to close the retirement savings gap.

Higher Confidence Drives Increased 401(k) and HSA Contributions

April 2nd, 2025|Blog, Employee Benefits|

Americans are feeling more confident about their finances and retirement readiness, according to new data on 401(k) and health savings account (HSA) balances. Supported by greater savings rates and positive market performance, average account balances grew significantly from 2023 to 2024.

Is Your Paid Time Off Keeping Candidates Away?

April 1st, 2025|Blog, Employee Benefits|

Job seekers nowadays have endless options if they're looking to switch jobs. With such a tight labor market, they can afford to be selective. As employers compete for top talent, one aspect increasingly coming under scrutiny is paid time off (PTO).

Go to Top