Heath Completes Buyout of U.K.’s Heath Lambert Group

Dallas-based Heath Insurance Brokers announced the completion of a buy-out from Heath Lambert Group, its U.K. parent.

Heath noted that the deal solidifies its place as one of the largest truly independent wholesale insurance brokerage firms in the United States. Frost Bank provided key financing for the transaction. Other terms were not announced.

“Our founding in 1992 was great and this event is even greater. A threshold of opportunity has now been opened to grow our business to new levels,” CEO Marshall Kath said. “This new independence gives us the opportunity to focus even more on the interests of our agents and markets and to demonstrate our ability to exceed their expectations.”

Founded less than 12 years ago, last year Heath Insurance Brokers placed just under $1 billion in gross premium. The company employs 350 dedicated insurance professionals in 14 offices across the country.

“I went on record in 1992 regarding the marketplace need for a company like Heath Insurance Brokers. Time has proved me right and this transaction only makes us stronger,” Chairman Gene Eisenmann said.

“Our customers are and will remain this company’s number one priority,” Kath said. “Our company maintains strong and diverse market relationships that our brokers leverage daily on behalf of our agents and their insureds. The bottom line is we are committed to delivering innovative insurance solutions tailored to just about any need.”

The company will not make any changes to the management or staff of any Heath Insurance Brokers office as a result of the deal and will continue to operate its corporate headquarters in Dallas, Texas.

Topics Agencies