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
Share This Story
Related Blogs
Client Guidance: Understanding “Nuclear Verdicts” in Commercial Trucking
A Texas jury recently handed down a verdict of nearly $50 million against a trucking company most people have never heard of — and that's exactly the point.
Do Your Employee Benefit Plan Documents Reflect How Your Plan Actually Operates?
Most employers work hard to administer their employee benefit plans consistently. However, one of the most common compliance issues isn't how a plan is administered—it's whether the written plan documents accurately reflect what the employer is actually doing.
Lifestyle Spending Accounts (LSAs): The Fastest-Growing Benefit of 2026
Lifestyle Spending Accounts (LSAs) are becoming one of the fastest-growing benefits of 2026. Employers are adopting LSAs because they solve a problem traditional benefits have struggled with for years: personalization. Employees want benefits that fit their lives, not one-size-fits-all programs. LSAs give them that flexibility. And because July is a major decision month for 2027 plan design, many employers are evaluating LSAs right now.