PMG Benefits Consulting, an independent broker of employee benefits, life and ancillary insurance plans in Knoxville, TN, has joined Higginbotham, an insurance, financial and HR services firm ranked as the 20th largest independent broker in the U.S. The deal expands Higginbotham’s presence in Tennessee by adding a fourth location in the state and positions PMG Benefits Consulting for growth by providing access to more client services.
Higginbotham is strategically growing to expand its footprint and increase its service capability by selectively partnering with other independent agencies that have strong reputations in their local markets, a desire to keep growing by tapping into Higginbotham’s single source solution and a strong cultural match.
Johnny Pitts, managing partner for Higginbotham’s Tennessee region, said, “The growth we’ve experienced in Tennessee since first entering the state in 2020 is a testament to Higginbotham’s new partner strategy. Our partner agencies get the strength that comes with our size. Their clients get additional products and services. And, Higginbotham gets localized support to spread our solutions. It’s a win for everyone.”
PMG Benefits Consulting serves employers in all industries ranging in size from as few as two employees to as many as several thousand. The agency gains the ability to offer commercial and personal property and casualty insurance as well as HR consulting and other risk management and benefit plan services by tapping into Higginbotham’s expansive resources.
In a joint statement, PMG Benefits Consulting CEO Debbie Perry and COO Ryan Grose said, “We were particularly drawn to the fact that Higginbotham is employee-owned, so we’re not beholden to shareholders like a publicly-traded company. We put our clients first and felt that Higginbotham provided the best opportunity to continue doing so, plus the ability to immediately start offering property and casualty insurance and risk management services by teaming up with their local experts. We’ve already seen the culture that permeates Higginbotham, and it’s exactly what we’ve always strived for at PMG.”
Higginbotham named Perry and Grose managing directors, and they will continue overseeing PMG Benefits Consulting’s operations.
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