Tropolis, an innovative insurance brokerage that provides property & casualty (P&C) and employee benefits solutions, today announced it has completed the acquisitions of four premier insurance agencies. Terms of the private transactions were not disclosed.
The four businesses are BDMH Enterprises, an insurance and risk management solutions agency for skilled nursing, assisted living, and independent living communities nationwide; Follmer Insurance Services, providing commercial & personal lines insurance, including farm and life products; Madigan Pingatore Insurance Agency, specializing in hospitality, and regional commercial enterprises; and R&A Insurance, specializing in commercial lines including churches, and contractors, as well as personal lines customers. BDMH is based in Chicago, and the other three agencies are based in the greater Detroit and Northern Michigan areas.
“Each of these outstanding agencies is backed by great entrepreneurial leaders who share a passion for serving their customers, employees, and communities,” said Jeff Mason, CEO and co-founder of Tropolis. “With strong alignment on our core values of integrity, ownership, leadership, and service, we’re confident that joining Tropolis will strengthen the ability of these businesses to grow and provide outstanding service to their customers.”
Tropolis is an innovative insurance agency that leverages technology through all areas of the business to support operational excellence and growth, and is committed to supporting a culture of ownership and collaboration. Qualified employees of all four acquired businesses participate in the Tropolis Employee Purpose Plan, an equity incentive plan that ensures that the entire Tropolis organization benefits from the firm’s future achievements.
In a joint statement, the leaders of the four acquired businesses said, “Partnering with Tropolis allows our agencies to build on a foundation of integrity while contributing to a culture of ownership. Their commitment to employees, customers and technology ensures we are strategically scaling our businesses and actively insuring tomorrow together. Tropolis’s technology and values empower us to provide unmatched services to our communities.”
Tropolis continues to capitalize on key growth opportunities as these acquisitions follow the announcement of three agencies acquired in 2024.
Source: Tropolis
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