Leavitt Group, a national insurance brokerage, announced it has acquired majority co-ownership of FBMC Benefits Management, Inc. (FBMC), an employee benefits agency based in Tallahassee, Florida. The transaction aligns with Leavitt Group’s growth goals and expands the organization’s employee benefits capabilities across the country.
Kevin Callister, chief affiliations officer at Leavitt Group, said the partnership reflects the company’s ability to attract large operations into its group. “Our fully integrated model along with the co-ownership and autonomy Leavitt Group offers differentiate our approach to M&A in the marketplace,” said Callister. “We want to grow both through acquisition and organically. Partnering with FBMC is a strategic move to continue building out our employee benefits side of the house.”
Leavitt Group’s co-ownership model gives local agency leaders opportunities to retain ownership while gaining access to national resources, operational support, and the scale needed to grow. This structure allows agencies to maintain their local presence and culture while benefiting from broader capabilities.
FBMC CEO David Faulkenberry said the decision to partner with the Leavitt Group aligned with both organizations’ values and growth objectives. “Leavitt Group offers meaningful support and resources that will help our agency grow,” said Faulkenberry. “The cultural alignment made the decision clear since we both prioritize doing what is right for clients and supporting our people.”
Faulkenberry will continue as the CEO, and Rick Farris is elevated to president. Both will be agency co-owners of FBMC and will lead the strategic growth of the agency.
“Leavitt Group has a strong track record of helping agency owners grow and provides a platform to deliver industry-leading services,” said Callister. “We are honored to offer a perpetuation plan that allows the FBMC board members and founder Michael H. Sheridan to establish a clear path for the future.”
FBMC is a licensed, independent insurance agency and third-party administrator (TPA) headquartered in Tallahassee, Florida. Founded in 1976, FBMC has 49 years of experience specializing in employee benefits for both private and public sector clients. Their singular focus on benefits allows them to deliver cost-effective, compliant, and client-centric solutions with flexibility.
Leavitt Group is one of the largest privately held insurance brokerages in the nation with a mission to build, serve, and perpetuate independent insurance agencies as partners with local co-owners. With an extensive network of 85+ agencies and 280+ locations across 28 states, Leavitt Group offers a distinctive advantage with local ownership, delivering a personalized and collaborative approach to commercial insurance, employee benefits, and personal insurance. With over 70 years in the insurance industry, Leavitt Group brings national strength and local trust to the communities and clients they serve. For more information about Leavitt Group, visit www.leavitt.com.
