Inszone Insurance Services has expanded its US footprint with the purchase of Smith & Company Insurance, an Arkansas agency.
Financial terms of the deal remain undisclosed
Smith & Company’s history goes back to 1904. The Smith family bought the business in 1971 and remained involved in its development over the following decades. The agency is now jointly owned by Mark Smith, Drew Higginbothom and William Smith.
Under their ownership, the business has expanded while continuing to serve local customers. “As we looked toward the future, we knew we needed additional resources and assistance to continue to grow and remain relevant in our marketplace,” said the co-owners. “We spoke with several other suitors, but Inszone was the perfect fit for us. They truly care about hometown local business and treat their employees exceptionally well.” Smith & Company Insurance has built a specialist aviation arm and also established operations in commercial agriculture. In addition, it has written insurance policies for a number of banks across the region.