H.W. Kaufman Financial Group, based in Farmington Hills, announced today that it has acquired Essential Insurance Services, Inc., a Colorado-based leader in premium audit services.
Essential Insurance Services, Inc. will become part of US-Reports, Kaufman’s national provider of premium audits, inspections, and risk management services. The acquisition further extends the presence and capabilities of US-Reports in key growth areas.
“Our success is built on providing the highest levels of expertise in specialty insurance markets. The addition of Essential Insurance Services adds significant talent to our team,” says Alan Jay Kaufman, chairman, president, and CEO of H.W. Kaufman Financial Group. “For us, acquisitions are not just a financial motivator, they are about gaining experience.”
The Essential Insurance Services team will relocate to the US-Reports executive office in Fort Collins, Colo.
“The culture and environment of Essential Insurance Services dovetails into US-Reports, and we are proud to welcome them to the team,” says Jon Kovach, president of US-Reports. “The acquisition will give Essential’s current client base greater reach with our expanded services under US-Reports and the Kaufman group of companies.”
This marks the 14th acquisition by H.W. Kaufman Financial Group since 2010. The company has more than 1,600 employees.