Four of Georgia’s Premier Insurance Brokerage Firms Combine to Form Oakbridge Insurance Agency
Friday, December 18th, 2020
Creates One of the Largest Insurance, Surety, Risk Management, and Employee Benefits Brokerages Serving Clients Across Georgia and the Southeast U.S.
Founders Insurance, Hutchinson Traylor Insurance, McGinty-Gordon & Associates, and Waites & Foshee, four premier retail insurance brokers, today announced that they have signed definitive agreements to combine to form Oakbridge Insurance Agency LLC ("Oakbridge"), a new integrated insurance brokerage firm serving clients across Georgia and the Southeast U.S.
As part of the transaction, Corsair Capital LLC ("Corsair"), a private equity firm focused on business and financial services, has made a strategic investment in Oakbridge. Robert C. ("Robbie") Smith, a veteran insurance executive with experience holding senior leadership roles at firms including Hamilton Dorsey Alston in Atlanta, MHBT in Dallas, and Reagan Consulting, will become Chief Executive Officer of the newly-created agency.
"Each of the founding agencies shares a similar client-centric philosophy, and we found the perfect partner in Corsair, a firm with an outstanding track-record of providing strategic support and sector expertise to help businesses achieve transformative growth," says Wesley Smith, President of Hutchinson Traylor. "We look forward to continuing to expand throughout the entire Southeast as we partner with agency principals who seek to preserve their local operating strategies while gaining access to additional resources to drive meaningful value for clients."