MarshBerry Advises Eagan Insurance Agency, LLC In Acquisition By Higginbotham
Woodmere, OH, April 22, 2024 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have represented Eagan Insurance Agency, LLC (Eagan) on their sale to Higginbotham. The transaction closed on April 1, 2024.
Eagan, headquartered in Metairie, Louisiana, is one of the oldest, locally owned, independent insurance agencies in the New Orleans area. The transaction allows Higginbotham, the largest independent insurance, financial and HR services firm headquartered in Texas and one of the top firms in the country, to expand their footprint in Southern Louisiana and Gulf Coast Mississippi.
“This partnership marks an exciting milestone in both firms’ journeys, and we applaud their commitment to innovation and growth in the insurance industry,” said Phil Trem, MarshBerry President – Financial Advisory. “We look forward to witnessing the synergies and successes that emerge from this partnership as they continue to elevate their resources and serve their clients with excellence.”
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,300 merger & acquisition transactions which is approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.
MarshBerry – Helping Clients Learn, Improve & Realize Value
Founded in 1981, MarshBerry is a global leader in financial advisory and consulting services serving the insurance brokerage and wealth management industries to help clients grow and advance their business strategies. With locations across North America and Europe, MarshBerry market sector expertise includes property and casualty agents & brokers, employee benefit firms and specialty distributors, partners in insurtech, capital markets, and insurance carriers, as well as registered investment advisors, retirement planning and life insurance firms. Clients choose MarshBerry as their trusted advisor for every stage of ownership to help them build, enhance and sustain value through Financial Advisory solutions (Investment Banking; Merger & Acquisition Advisory, Debt & Capital Raising, Business Consulting), Growth Advisory solutions (Organic Growth, Aggregation, Leadership, Sales & Talent Solutions) and Market Intelligence and Performance Benchmarking. Learn more at www.MarshBerry.com.
About Eagan Insurance
Eagan Insurance is one of the oldest independent insurance agencies in the New Orleans area. Established in 1954, Eagan Insurance is proud of its reputation for integrity, stability, and strength. Working under the slogan “Family to Family, Business to Business,” the agency offers a vital personal lines division, a comprehensive commercial property and casualty department, and a rapidly growing employee benefits arena. The agency boasts a team of over 90 experienced individuals, committed to customer service, continuing education, and professional excellence. Eagan Insurance strives to understand its clients’ complex needs and works creatively to meet the demands of today’s volatile insurance climate with competitive pricing and expert service.
Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.
