Higginbotham is a leading independent retail insurance broker with a focus on the southern part of the United States. Higginbotham was ranked as the nation’s 20th largest insurance broker in Business Insurance’s 2024 rankings and the 14th largest property/casualty agency in Insurance Journal’s 2024 rankings.
Higginbotham, which is led by CEO Rusty Reid, offers a complete risk management solution, primarily to middle-market commercial businesses, with expertise in property & casualty, financial services and specialty services.
Stone Point has been an active investor in the insurance distribution sector for over eighteen years, including a number of successful investments in various sub-sectors of the industry, including several investments in retail insurance brokers, wholesale brokers and program administrators. Stone Point originally met the Higginbotham management team in 2007 when the company transitioned from an employee stock ownership plan (“ESOP”) to corporate ownership and maintained an active dialogue, ultimately culminating in Stone Point’s original investment in the company in 2009.
Stone Point introduced Higginbotham to PURE, to facilitate a distribution relationship for high-net worth products. Additionally, Stone Point has helped Higginbotham develop a strong institutional-investor following and broadened the company’s access to the capital markets.
Stone Point has supported Higginbotham’s strategy of pursuing acquisitions to broaden its geographic reach and scale while complementing its strong organic revenue growth. As of January 2025, Higginbotham has successfully acquired and integrated over 125 partnerships since Stone Point’s initial investment in 2009.
Stone Point has been a valuable partner to Higginbotham and strengthened its market position through introductions to senior business leaders in the state of Texas and the broader U.S.
Stone Point worked extensively with management to structure a minority stake investment that fosters Higginbotham’s strong culture predicated on independence and employee ownership. Stone Point re-energized Higginbotham’s management team with several incentive plans and management / employee co-investment structure.
Since Trident VII’s investment in 2017, Stone Point has worked with management to complete several debt recapitalizations that generated over $300 million of distributions to shareholders.
Higginbotham, which is led by CEO Rusty Reid, offers a complete risk management solution, primarily to middle-market commercial businesses, with expertise in property & casualty, financial services and specialty services.
Stone Point has been an active investor in the insurance distribution sector for over eighteen years, including a number of successful investments in various sub-sectors of the industry, including several investments in retail insurance brokers, wholesale brokers and program administrators. Stone Point originally met the Higginbotham management team in 2007 when the company transitioned from an employee stock ownership plan (“ESOP”) to corporate ownership and maintained an active dialogue, ultimately culminating in Stone Point’s original investment in the company in 2009.
Stone Point introduced Higginbotham to PURE, to facilitate a distribution relationship for high-net worth products. Additionally, Stone Point has helped Higginbotham develop a strong institutional-investor following and broadened the company’s access to the capital markets.
Stone Point has supported Higginbotham’s strategy of pursuing acquisitions to broaden its geographic reach and scale while complementing its strong organic revenue growth. As of January 2025, Higginbotham has successfully acquired and integrated over 125 partnerships since Stone Point’s initial investment in 2009.
Stone Point has been a valuable partner to Higginbotham and strengthened its market position through introductions to senior business leaders in the state of Texas and the broader U.S.
Stone Point worked extensively with management to structure a minority stake investment that fosters Higginbotham’s strong culture predicated on independence and employee ownership. Stone Point re-energized Higginbotham’s management team with several incentive plans and management / employee co-investment structure.
Since Trident VII’s investment in 2017, Stone Point has worked with management to complete several debt recapitalizations that generated over $300 million of distributions to shareholders.
Location: United States, Texas, Fort Worth
Employees: 1001-5000
Founded date: 1948
Investors 2
| Date | Name | Website |
| - | Stone Poin... | stonepoint... |
| - | LNC Partne... | lnc-partne... |
Mentions in press and media 1
| Date | Title | Description |
| 27.08.2024 | Mployer Announces 2024 Winners of Fourth Annual 'Top Employee Benefits Consultant Awards' in Tennessee | Mployer, the industry-leader in providing employee benefits research, ratings, and reviews, has named over 750 brokerage office winners nationally in more than 50 regions as part of its fourth annual "Top Employee Benefits Consultant A... |