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Universal Insurance, Ledbetter Insurance Merge to Expand in Oklahoma.

MANews-(C)2009-2018

26 January 2018 - Oklahoma, US-based Universal Insurance Agency has merged with Oklahoma-based Ledbetter Insurance Agency, LLC to expand its network of insurance agencies in Oklahoma, the company said.

Terms of the transaction were not disclosed.

The partnership continues the expansion of Universal Insurance as a wholly owned subsidiary of First United Bank, offering commercial insurance, personal insurance and employee benefits in communities throughout Oklahoma and Texas.

Ledbetter, which was founded in Oklahoma City in 1918, brings years of experience to Universal while expanding the ability to better serve customers.

Universal Insurance Agency is a wholly owned subsidiary of First United Bank offering insurance, including commercial, personal and employee benefits.

First United has more than 85 bank, mortgage and insurance locations throughout Texas and Oklahoma. The company has assets of more than USD 6bn.

Country: USA

Sector: Insurance

Target: Ledbetter Insurance Agency

Buyer: Universal Insurance Agency

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U7OK
Date:Jan 26, 2018
Words:169
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