Salinas, CA – Barlocker Insurance Services officially became part of the Leavitt Group on June 21, 2006, with an effective date of June 1, 2006. The affiliation was initially announced after a letter of intent was signed on April 6, 2006.
The transaction is the largest affiliation in the Leavitt Group’s history. The Leavitt Group now has an employee count of 1,225 employees and is expected to have written premuims of 1.2 billion by year-end 2006.
Dane Leavitt, CEO of the Leavitt Group, commented in the initial announcement, “We have the deepest regard for Calvin Barlocker, Fred Stafford, Bill Barlocker, Ron Hayduk, and others with whom we have worked in bringing our organizations together. We look forward to the years ahead.”
Calvin Barlocker commented, “[The affiliation] preserves and provides opportunity for my people, takes care of my perpetuation responsibility, and leaves me well-incentivized to keep building Barlocker Insurance Services and the Leavitt Group.”
Barlocker Insurance Services will operate under its long-established name, and Calvin Barlocker will continue as President. Mr. Barlocker will also serve as a Chief Area Officer for the Leavitt Group, become a significant shareholder, and serve on the boards of both companies.
Leavitt Group Enterprises holds a majority interest in Barlocker Insurance Services, Inc., which will continue to operate its branches in Salinas, Fresno, Merced, San Jose, Laguna Hills, Ventura, Carlsbad and Woodland Hills, California . Minority interests are held by managers of various branches, consistent with the Leavitt Group’s business model, which contemplates key producers holding significant portions of ownership in each largely autonomous agency.
