Enterprise Risk Associates LLC (ETA) has announced the acquisition of Hamann Insurance Group LLC (HIG) of Katy, Texas, with the deal closing on June 17, 2026.
Terms of the transaction were not disclosed.
Hamann Insurance Group has served commercial and individual clients in the Houston metropolitan area for more than 45 years and has built a reputation as a preferred broker for homeowners' associations (HOAs) and condominiums. Founder Dennis Hamann will continue in his role with HIG following the close of the deal.
Hamann operates from offices in Katy and San Antonio with a team of roughly 11 to 50 staff, and holds licenses across six states - Texas, Colorado, New Mexico, Louisiana, Missouri, and Utah - giving ERA a base with some multi-state reach beyond the Houston metro, rather than a single-market book.
Adam Wolper, CEO of Enterprise Risk Associates, said the acquisition gave the platform its first foothold in Texas.
"We're happy to welcome Dennis and the HIG team to ERA, and are excited to begin our presence in Texas," Wolper said. "Hamann Insurance Group has a long, proud history of providing excellent service for clients in Houston and across Texas, and their HOA and condominium expertise is a strong differentiator in the market."
Tarrytown, New York-based ERA was capitalized in 2024 by KZ Capital, the family office of the Karfunkel-Zyskind family, and Lamberg Management Inc., the Lamberg family office.
The Karfunkel-Zyskind family is a well-known name in US insurance, having built AmTrust Financial Services into a major commercial insurer before taking it private in 2018 alongside Stone Point Capital.
In December 2025, ERA secured a financing facility of up to $150 million from Macquarie Capital Principal Finance to fund further acquisitions. The firm has been active since, adding Insurance Solutions of America of Oviedo, Florida, in May 2026, and now Hamann Insurance Group, bringing its total to nine agencies nationwide.
The acquisition comes as overall insurance agency M&A activity has slowed from its post-pandemic peak.
OPTIS Partners recorded 148 agency transactions in the first quarter of 2026, the lowest first-quarter total since 2016 and the tenth consecutive quarter below the long-term trend line, following a 12% decline in full-year deal count in 2025 compared with 2024.
Even so, private capital-backed buyers accounted for roughly 70% of the 241 deals tracked through May 2026 by MarshBerry, with the largest consolidators completing the bulk of transactions, underlining how concentrated buying activity has become among well-capitalized platforms like ERA even as overall volume contracts.
Texas has more than 21,500 HOA communities, the highest concentration of any US state, according to Community Associations Institute data, and those communities have faced the same insurance cost pressure hitting individual homeowners, including carriers exiting the market and rising premiums tied to storm and hail risk.
Texas homeowners insurance premiums rose more than 55% between 2019 and 2024, according to research cited by the Federal Reserve Bank of Dallas, reflecting a broader statewide pattern of hardening property rates that has made specialized placement expertise increasingly valuable for associations and unit owners navigating renewals.
That combination of a concentrated buyer market and sustained rate pressure on a large, specialized customer base makes HIG's HOA and condominium niche a differentiated and defensible asset for ERA to build its Texas presence around, rather than simply adding scale for its own sake.
