fbpx
Client Login

Stay Updated

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

Subscribe to the blog

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

Keep up to date

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

Subscribe to the blog

Related Blogs

Keeping U in Mind: Managing Your Fleet Risk in 2023

December 6th, 2022|Blog, Safety Tips|

The Occupational Safety and Health Administration (OSHA) stated that most road related fatalities occur on highways where there are seat belt requirements and traffic laws, between the hours of 7 a.m. and 4 p.m. Additionally, the U.S. Department of Transportation National Highway Traffic Safety Administration (NHTSA) 2020 annual traffic crash data reported over 38,000 fatalities related to U.S. traffic crashes. This creates a serious conundrum for insured and insurers alike.

Go to Top