Portfolio Exits
1
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Latest Butler Carson Tate Insurance News
Apr 30, 2018
Higginbotham merges with Texas-based Butler Carson Tate Insurance Published 27 April 2018 Higginbotham and Butler Carson Tate Insurance have merged their operations in Lubbock, Texas. This is Higginbotham's second office in Lubbock, having entered the market in 2015 when it merged with another locally managed independent insurance agency. The two offices and their combined 18 insurance and financial services professionals will work in unison to deliver a single source solution to west Texas businesses and families. Higginbotham is headquartered in Fort Worth, Texas, and ranked by revenue as the largest independent insurance broker based in the state. It operates 29 offices in Texas and Oklahoma City, most of which were established agencies that joined the firm to draw on their collective strength to service customers. Butler Carson Tate Insurance President James Tate said: "Higginbotham's reputation as a Texas-centric firm resonated with me. "It's a reputation I came to know through working on cases with Brent Aycock, who merged with Higginbotham a few years ago for similar reasons. We have the same dedication to protecting Texas businesses, supporting our employees and nurturing our community. Partnering with Higginbotham multiplies our ability to do all those things while staying personally involved with every customer we service. " Higginbotham Lubbock managing director Brent Aycock said: "Our practice has taken off since joining Higginbotham because we can do so much more for our customers, from the range of coverage we offer to the risk management and employee benefit services we perform in-house. “I expect further growth as a whole from teaming up with Butler Carson Tate Insurance and bringing Higginbotham's solution to even more customers." Butler Carson Tate Insurance will expand services to include group life, health and disability plans by collaborating with employee benefits broker and Managing Director Jeff Fowler at Higginbotham in Lubbock. Tate will continue supervising Butler Carson Tate Insurance as managing director with John Carson as vice president at 4505 82nd Street. Higginbotham is located at 9816 Slide Road. Source: Company Press Release
Butler Carson Tate Insurance Portfolio Exits
1 Portfolio Exit
Butler Carson Tate Insurance has 1 portfolio exit. Their latest portfolio exit was Higginbotham on November 06, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
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11/6/2018 | Merger - II | 1 |
Date | 11/6/2018 |
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Exit | Merger - II |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Butler Carson Tate Insurance Acquisitions
1 Acquisition
Butler Carson Tate Insurance acquired 1 company. Their latest acquisition was Higginbotham on April 27, 2018.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
4/27/2018 | Other | $188.5M | Merger | 1 |
Date | 4/27/2018 |
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Investment Stage | Other |
Companies | |
Valuation | |
Total Funding | $188.5M |
Note | Merger |
Sources | 1 |