US Insurance Source and STG Announces the Acquisition of two Houston insurance agencies: Alden Enterprises and Budget Insurance

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There is no slowdown for this Houston based company. Springtree Group, a leading M&A and financial advisor for the Insurance community, is pleased to announce the purchase of Houston based Alden Enterprises and Budget Insurance by its client, US Insurance Source. The transactions closed in the 4th quarter of 2012 and were led by Christine Walton, Director of US Insurance Source and Springtree CEO, Sam Patterson.

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This marks the third strategic acquisition of the year for this insurance agency. “US Insurance source is continuing to look for opportunities that make the group stronger,” according to Walton.

"The acquisition of these two outstanding Houston area firms helps reinforce a sustainable and marked advantage for our insurance operations. The addition of Alden’s services and client base to our national platform for workers compensation products is a natural and complementary fit that supports our significant growth efforts in this arena," said Walton. “The clients will benefit from a stronger product offering and broader expertise as well as the addition of seasoned staff and broader resources”.

“In a corresponding transaction we are very fortunate to also welcome the Pearland based Budget Insurance Company to our family of companies. We look forward to introducing all BI customers to our enhanced insurance service programs provided for each of our clients, emphasizing top of scale customer service, programs, claims experience and integrated client relations.”

About US Insurance Source
US Insurance Source, USIS, is a private insurance firm with a proud history of serving the insurance needs of both Commercial and Private customers for a number of years. USIS, based in the Houston area has focused strength in Workers Compensation, Commercial Trucking / Construction, Employee Benefits as well as Personal Insurance.

“Our success has been a result of our strong focus on the product lines and the growth models we utilize. We have been relentless in marketing and client development, which are the drivers behind our performance” said Walton. “We continue our focus to diversify our book and rounding out our product offerings, which will provide a more stable environment for our clients, employees and business model.” continued Walton.

About Budget Insurance and Alden
Alden specializes in workers compensation, primarily in the Texas region. Alden is highly respected for their personalized and hands on approach to Workers Compensation. Alden complements http://www.shopinsuranceonline.com, another WC acquisition made earlier this year by Walton. Both are workers compensation focused agencies.

Budget Insurance is a particularly valued regional player representing over 30 “A” rated carriers in Texas with a clear focus towards the construction, transportation and builders risk markets. This market segment is a specialty for Walton and a segment that is expected to continue to expand in this market place.

About Springtree Group
Springtree Group, founded in 1988, provides Mergers & Acquisition advisory and financial support to the Insurance community. STG is the largest USA Company of its type, bringing a highly specialized portfolio mix of loan platforms and M&A consulting services specifically built and managed for Insurance Agents and Brokers.

Springtree Group is headquartered in Dallas, TX, and provides services to the insurance space in every region in North Americae. For more information visit our website at http://www.springtreegroup.biz:

Sam Patterson
972-395-8811
Sam(at)springtreegroup(dot)biz

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