Texas-based independent insurance firm Higginbotham has announced its second foray into Florida with the acquisition of Stahl & Associates Insurance.
Founded in 1983 by president and CEO Bob Stahl, Stahl & Associates has since grown from a six-employee, one-location firm to the largest privately held agency in Florida.
“We’re thrilled to be working with Bob and with the whole Stahl & Associates team,” said Rusty Reid, chairman and CEO of Higginbotham. “They have a terrific reputation, with deep ties to their community and a real culture of service to their clients. We’re particularly excited to connect our safety and loss control teams to make their People Safe Solutions available to Higginbotham’s clients. The behavioral science-based safety program drives down costs and helps customers build better workplaces.”
Stahl said forging an alliance with Higginbotham was a clear choice.
“We could have done a deal with virtually any company,” he said. “But it was important to get it right. We’re the largest privately held agency in Florida, but we’re still a community-based organization, and our team is like a family. We’ve got a culture where everybody pitches in and helps each other, so I knew I had to look out for our team as well as our clients.
“That’s why the relationship with Higginbotham was such an obvious choice,” he said. “When we learned about their values and their culture, it was a perfect fit. They’re also bringing in terrific opportunities for our team, as well as training, education and wellness programs. And they’re employee-owned, so our employees are gaining equity in a solid, top-tier company.”
Stahl & Associates marks Higginbotham’s second partnership in Florida following its 2020 acquisition of Pensacola-based McMahon & Hadder Insurance.
Higginbotham recently entered Ohio with the acquisition of Community Insurance Group.
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