Higginbotham, now ranked as the 16th-largest independent brokerage chain, has expanded into South Carolina with the acquisition of the well-known Turbeville Insurance Agency.
Turbeville, founded in 1991 by William L. “Bill” Turbeville Jr., has 60 employees, with offices in Columbia, Lexington, Beaufort and Charleston, the companies said in a news release this week. It’s Higginbotham’s first foray into South Carolina, which Higginbotham considers to be one of the fastest-growing states.
“A South Carolina presence has been our goal for a long time, and we didn’t want to tiptoe into it,” said Rusty Reid, chairman and CEO of Higginbotham. “Bill Turbeville and his team have built one of the state’s most respected independent firms, and they did it by staying close to their clients, investing in their people and showing up for the communities they serve.”
The Turbeville agency has focused on personal, commercial, life and health insurance, as well as employee benefits. It has grown considerably in recent years, through organic growth and new agency partnerships.
“We’d grown to the point where the next level was going to require a different kind of scale,” Bill Turbeville said. “We had to decide whether to make that major push on our own or join forces with a larger firm that could help us keep growing.”
Higginbotham, with offices in Fort Worth, has been in business since 1948, and has more than 180 agency locations across the country.
Topics
Mergers & Acquisitions
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