FORT COLLINS — Michigan-based H.W. Kaufman Financial Group has acquired Essential Insurance Services Inc. in Conifer and will move its operations to Kaufman’s US-Reports corporate office in Fort Collins.
Financial terms of deal were not disclosed.
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US-Reports provides audits, inspections and risk-management services. Essential Services provides audit services, including general liability, worker’s compensation and other auditable insurance coverages.
A company spokesman said there will be 85 people working in the office in Fort Collins after the acquisition, but he declined to say how many of those were Essential Services employees making the move.
The addition of Essential Insurance Services adds significant talent to our team,” said Alan Jay Kaufman, chairman, president and chief executive of H.W. Kaufman Financial Group. “For us, acquisitions are not just a financial motivator, they are about gaining expertise.” This marks the 14th acquisition by H.W. Kaufman Financial Group since 2010.
Dale Sluzewski, president of Essential Insurance Services, helped start Essential Insurance Services in 1995.
“We set out with a strong code of ethics and dedication to our clients that still rings true today,” Sluzewski said. “We are happy to join such a well-run and well-respected company like US-Reports.”
Jon Kovach, president of US-Reports, said the culture and environment of Essential Insurance Services dovetails into 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,” Kovach said.