Mattoon, Ill.-based First Mid Insurance Group recently acquired Macomb, Ill.-based Purdum-Gray-Ingledue-Beck Insurance and Investments Agency.
First Mid Insurance Group CEO Clay Dean said the acquisition allows his company to expand to health care and hospitality. “The combined company brings together a team of experts across multiple insurance lines including personal, commercial, farm, hospitality, health care, social services and retirement services,” First Mid Insurance stated.
Founded in 1926, PGIB is a licensed insurance provider in two-dozen states. “We are excited to welcome the entire PGIB team to First Mid,” added Clay Dean, CEO of First Mid Insurance Group. “Like us, PGIB has a customer and community first culture. The team of more than a dozen insurance sales and risk management experts have built a reputation for extraordinary service and a deep understanding of the insurance landscape.”
Earlier this year, First Mid Insurance Group’s holding company, $6.7 billion First Mid Bancshares, announced its pending acquisition of $1.32 billion Blackhawk Bancorp, Inc. “By incorporating PGIB into our operations, we aim to bolster our recent expansion efforts in northern Illinois and Wisconsin,” said First Mid Bancshares CEO Joe Dively.