The seller is part of a family that's been in insurance since
1895.
Integrity Marketing’s
headquarters in Dallas. (Photo: Integrity Marketing)
Integrity Marketing Group LLC has acquired a
large, prominent insurance marketing organization, The Brokerage Resource.
Sam Corey III, the seller, will own a stake in
Integrity Marketing, but the companies aren’t disclosing the other deal terms.
Integrity Marketing is a Dallas-based
insurance distributor that has relationships with about 250,000 independent
agents and about 5 million clients.
The Brokerage Resource is based in Apex, North
Carolina. It’s best known as a Medicare plan distributor. It also distributes a
wide range of other life, health and annuity products, from many different
carriers.
Sam Corey Jr. founded the company in 1992. Sam
Corey was the grandson of William B. Corey, who helped mold the Provident
Friendly Society into the Provident Indemnity Life Insurance Company and
later served as Provident Indemnity Life’s chairman, according to Brokerage
Resource.
William B. Corey’s sons, William S. Corey and
Samuel C. Corey, also worked at Provident Indemnity Life and served chairmen of
that company’s board, according to Brokerage Resource.
Sam Corey Jr. built The Brokerage Resource
from scratch and sold it to Sam Corey III in 2018.
Bryan Adams, Integrity Marketing’s chief
executive officer, said in a statement that his company is excited to partner
with companies such as the Brokerage Resource.
“Across four generations, the Corey family has
made a significant impact in the insurance industry, and we are honored to have
been chosen as the platform of choice to help The Brokerage Resource’s next
phase of growth,” Adams said.
Allison Bell, ThinkAdvisor's insurance editor, previously
was LifeHealthPro's health insurance editor. She has a bachelor's degree in
economics from Washington University in St. Louis and a master's degree in
journalism from the Medill School of Journalism at Northwestern University. She
can be reached at abell@alm.com or on Twitter at @Think_Allison.
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