The Liberty Company Insurance Brokers has announced that it has acquired Ohio-based Farley-Peeples Insurance. The acquisition was made under the umbrella of Liberty Buren Insurance Services, a Liberty business also based in Ohio.
Farley-Peeples was founded in 1939 and serves the Mansfield, Ohio, community. Bill Smith, president of Farley-Peeples, will remain with the business, Liberty said in a news release.
“Our transaction with Farley-Peeples aligns perfectly with Liberty’s vision for regional growth and dedication to local communities and clients,” said Bill Johnson, founder, CEO and chairman of Liberty. “We are thrilled to welcome them into the Liberty family, and we look forward to enhancing hour service offerings to the Mansfield community and beyond.”
Liberty is one of the nation’s fastest-growing privately held insurance brokerages. Last year, the company boasted an organic growth rate of 47% and completed 37 M&A transactions.
Last month, Liberty announced the formation of a national human capital management practice group. In July, the company announced the completion of a $340 million refinancing transaction.
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