Kentucky Agencies Peel & Holland, Riddle Insurance & Subsidiary R. Barga Finalize Merger

Peel & Holland Insurance has merged with Riddle Insurance of Madisonville, Ky., and its subsidiary, R. Barga and Company Insurance of Benton, Ky.

The companies provide business property and casualty insurance, surety and bonding, family insurance, and employee benefits plans, along with workplace wellness programs. This merger, which was finalized Jan. 1, 2020, combines teams totaling 83 employees in seven regional office locations across Western Kentucky.

From an operational standpoint, Riddle Insurance, R. Barga and Company, and Peel & Holland each will continue to function as independent insurance agencies with access to multiple carriers. The agencies represent thousands of insurance products and are not affiliated with just a single insurance carrier. The local agency ownership will also remain in place, and all employees are being retained in their current roles, according to Roy Riley, president of Peel & Holland.

He added the two entities will continue to serve clients of all sizes in a variety of industries with the merger allowing the groups to capitalize on their collective areas of expertise across a larger team.

Peel & Holland has a team dedicated to insuring public entities such as county or city governments, utilities, libraries and schools in nearly every county across the Commonwealth of Kentucky. It also specializes in the construction industry, particularly managing worker’s comp costs.

Barga and Company has a focus on marinas and the boating industry.

Riddle Insurance targets the coal mining industry as well as serving agriculture and contractors.

According to the company, the Peel & Holland merger places its combined agency among the top two percent in the nation.

Peel & Holland is a privately-held independent insurance agency providing insurance products and services to businesses, individuals, employees, and public entities across 36 states. Established in 1924, Peel & Holland continues to build on a legacy of developing lasting relationships with their clients and within the communities where they do business. Peel & Holland serves clients of all sizes across a wide variety of industries. Areas of specialized expertise include agri-business, construction/contractors, churches, financial services, local government, non-profits, schools and workplace wellness programs.

The company is headquartered in Benton, Kentucky with offices also located in Franklin, Mayfield, Murray, and Paducah.

Topics Mergers & Acquisitions Agencies Agribusiness Kentucky Employee Benefits