LISLA, Leavitt Group’s Los Angeles office, was recently purchased by Arthur J. Gallagher & Co.
As one of the largest privately-held brokerages in the nation, Leavitt Group is built on a shared ownership model with majority ownership of nearly 100 independent insurance agencies in more than 200 locations in 26 states.
“Our mission is to build, serve, and perpetuate independent insurance agencies for the long-term as we partner with able, individual co-owners,” said Eric Leavitt, Chairman and CEO of Leavitt Group. “While we rarely sell an agency, this transaction aligned interests for all involved. Leavitt Group has enjoyed a wonderful relationship with LISLA’s co-owners Teri Frankel and Ken Blaich, and we part as friends with confidence of their continued success.”
Leavitt Group’s shared ownership model allows independent agencies to leverage the power of a national brokerage with the autonomy and flexibility of local principals. Leavitt Group is committed to its mission to build, serve, and perpetuate independent insurance agencies as partners with able individual co-owners. The recent sale of one of Leavitt Group’s agencies, LISLA, is an exceptional situation and not part of a strategy, in whole or in part, to liquidate its ownership interests in its agencies.
Leavitt Group is one of the largest privately-held insurance brokerages in the nation with over 200 locations across 26 states. Leavitt Group agencies have the unique flexibility of local owners and provide a consultative 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, please visit www.leavitt.com.