WalkerHughes Insurance has acquired Independent Brokers Agency LLC, marking its first expansion outside Indiana and reinforcing its commitment to growth in the Missouri insurance market.

Target Information

WalkerHughes Insurance, a renowned retail insurance brokerage based in Indianapolis, Indiana, has recently made a strategic acquisition of Independent Brokers Agency LLC (IBA), an established insurance agency located in Ballwin, Missouri. IBA specializes in offering a comprehensive range of insurance solutions, including personal lines, commercial lines, and employee benefits. This marks WalkerHughes’ first expansion outside its home state of Indiana, showcasing its ambition to grow its footprint in the insurance market.

IBA has a rich history, having been family-owned and operated for over thirty years. The agency has built a strong reputation within its local community, emphasizing trust and quality service. With the acquisition by WalkerHughes, IBA aims to leverage additional resources and support to fast-track its growth and enhance service offerings.

Industry Overview

Missouri's insurance industry is characterized by a diverse market landscape that caters to both individual and corporate clients. As of 2023, the state has witnessed steady growth in demand for insur