Texas-based independent insurance firm Higginbotham has merged its operations with Oklahoma-based commercial insurance firm Vaughan Insurance Group.
The merger provides Higginbotham with a second office in Oklahoma, US.
The company opened its first out-of-state office in Oklahoma back in 2017. Now the company has offices in nine US states.
Higginbotham tapped Vaughan Insurance Group to expand and continue to build its practice in Oklahoma.
Vaughan Insurance and its five-person team will collaborate with Higginbotham’s first office to extend its products and services to provide a single source solution to customers.
Vaughan Insurance Group principal David Vaughan said: “I was extremely impressed with how a firm as large as Higginbotham maintains a personal touch with its customers and family feeling with its employees.
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“Our firms share the same devotion to our customers and employees, and it made sense that a partnership would be the perfect fit to benefit them and our future.”
In a joint statement, Higginbotham-Oklahoma MDs Gray Holden and Chris Lavigne said: “We have enjoyed rapid success in a relatively short amount of time in Oklahoma, and we expect the same success with Vaughan Insurance Group.
“We are excited to replicate our single source solution with our new partners so they can offer additional services like employee benefits.”
Higginbotham also carried out consolidation activities last year.