Higginbotham buys Austin employee benefits firm

Sep 16, 2013
Austin Business Journal

Fort Worth independent insurance agency Higginbotham & Associates has acquired Capital Benefits Group for an undisclosed amount

Austin-based employee benefit consulting firm Capital Benefits will become a Higginbotham company as part of the deal. The combined company will employ 75 people locally

The firms plan to centralize operations early next year by moving to a single location. Higginbotham currently operates an office at 1221 S. Mopac Expressway, led by Managing Director Curtis Page

Capital Benefits Group was founded in 2008 by Troy Ahrens and Brian Penny, and also runs an office in San Antonio. It's the sixth-largest employee-benefit firm in Austin with 20,000 lives covered, according to the Austin Business Journal of Lists

Higginbotham, started in 1948, operates 19 offices with 543 total employees

In June 2011, the firm merged with Central Texas-based William Gammon Insurance, which sells property/casualty policies and employee benefit products to businesses and individuals

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