Mergers & Acquisitions

Expand your horizons through a merger.

Shepherd allows you to maintain relationships with your clients and carriers to retain leadership of your team while gaining access to the collective knowledge of over 300+ insurance professionals in 20+ office locations. We have been an industry leader for 40 years and have a perpetuation plan in place to ensure it has future success.

Qualities of a successful merger partner:

  • Strong leadership with an entrepreneurial spirit
  • Talented team members and continuous investment in top talent
  • Deep relationship with insurance carriers
  • Practice sound business management
  • A commitment to the community
  • Always act on behalf of the client’s best interest

 

Merger partners have access to resources such as:

  • Expanded market access and leverage, with nearly 200 carriers including the nation’s top 10 independent carriers
  • Practice leaders and support team in all lines of business including commercial and personal insurance, benefits, and financial services in addition to niche market experience
  • Increased access to progressive solutions to recruiting and developed staff
  • Amplified brand recognition
  • Training through Shepherd University, our internal education program
  • Career opportunities for team members looking for advancement

 

Why partner with Shepherd?

All inquiries will be held in strict confidence and directed to:
David Shepherd, Chairman | CEO | 317.846.5554 | dshepherd@shepherdins.com
Quinn Shepherd, Managing General Partner | 317.573.3062 | qshepherd@shepherdins.com

quinndave_website

2007

David Moore

Moore & Shepherd Insurance(formerly John Moore Agency)Seymour, INMerger 2007

David Moore

Moore & Shepherd Insurance, formerly John Moore Agency

Seymour, IN

 

“The folks at Shepherd exceeded my wildest expectations when I transitioned my agency to their family of companies. As an owner of a family-owned business in Southern Indiana, we wanted to retain our warm, small town feel, yet we also wanted our customer base to realize the many benefits associated with doing business with a large agency. In addition to capturing the feel we were looking for, we added significant markets and value-added benefits that we were not able to previously offer. They trust the judgments that we make on a daily basis and don’t micromanage our operation, either. In return, we’re showing tremendous growth and retention beyond what we could have accomplished if we had stayed independent. It’s the smartest career move I’ve ever made.”

2009

Keith DeTrude

Shepherd Insurance
(formerly DeTrude & Company)
Indianapolis, IN
Merger 2009

Keith DeTrude

Shepherd Insurance, formerly DeTrude & Company

Indianapolis, IN

 

“Not necessarily looking to sell my agency, as fate would have it. I found the right opportunity to join Shepherd for the betterment of my employees and customers. In a service-intensive benefits practice, I discovered the resources Shepherd provided helped establish what would become a powerful employee benefits practice, led by my prodigy Steve Gregory. I have enjoyed watching his success and the success of my staff. I am encouraged for the future of this division with strong leadership from experienced leaders and Vice President, Jim Fountain and Director of Benefits, Shannon Russell.”

2010

Drew Denny

Shepherd Financial
(formerly Dirk James Insurance)
Columbus, IN
Merger 2010

Drew Denny

Shepherd Financial, formerly Dirk James & Denny Insurance & Financial Services

Columbus, IN

 

“Our family business saw a need for future opportunities. We saw those opportunities in the current client base in Shepherd. We have experienced very successful organic growth and it has been a privilege to have recruited Steve Wylam and Tom Mayer as part of our financial firm from CAMI. Our partnership has allowed us to benefit from becoming the largest 401K platform in the state. We owe all the credit to our clients and employees.”

2011

Gary Pence

Shepherd Insurance
(formerly Pence Brooks Bolander & Shepherd Insurance)
Greenfield, IN
Merger 2011

Gary Pence

Shepherd Insurance, formerly Pence Brooks Bolander & Shepherd Insurance

Greenfield, IN

 

“My partner, Ken Brooks, and I were looking to develop a perpetuation plan so we could transition into retirement and also provide continued service for customer base. We had several interesting options, but the first meeting with Dave Shepherd and Jeff Kweder sealed the deal. Our merger took place five years ago and has been a win/win environment for both parties. The merger with Shepherd has given us the opportunity to both serve our clients better and fulfill our transition into retirement when the time comes.”

2012

Ray Chappell

Shepherd Insurance(formerly Chappell Insurance)Fishers, INMerger 2012

Ray Chappell

Shepherd Insurance, formerly Chappell Insurance

Fishers, IN

 

“Shepherd and Chappell shared many of the same carriers. I was looking for a merger that would improve my relationships with companies we both represented, allowing me to be free from operations and allowing me to grow organically. To my surprise, Quinn Shepherd asked me to lead the personal lines division for three years. We experienced exceptional growth and developed a strong culture in that division. I was able to recruit Susan Morgan to replace me and it has been a joy to watch her serve as Vice President of Personal Lines while I am off enjoying retirement!”

Tom & Jeff Johnson

From Wells Fargo Insurance Carmel, IN Merger 2012

Tom & Jeff Johnson

From Wells Fargo Insurance

Carmel, IN

 

“When my son Jeff and I were looking to leave Wells Fargo Insurance Services it was more about perpetuation of our business than anything else. Jeff and I had been together at Wells for 12 years as they had purchased our business from Accordia in 2000. So I was 65 years old and Jeff was 33. The environment at the large national level was becoming very hard to keep on with our plan of perpetuation since I was a 2nd generation Insurance Agent with my father starting in 1934. Obviously, I still wanted to work and Jeff having many years ahead of him to keep our business family together. So Jeff set out to find the best place for him for the future and Shepherd was interested and I was able to come with him. Honestly, I felt like I was trapped at Wells because of my age and the non-compete issue I would have. I was wrong and our move to Shepherd has been the greatest thing for both of us. He has a great future ahead of him here and I can continue to work until they have to carry me out! We were able to buy about $400,000 worth of our business from Wells and in our first 5 years here we have now grown that to over the $1,000,000 level. Shepherd is one great team and we certainly have been much more successful here as well as happier!” – Tom Johnson

2013

Deirdre Fisher

Shepherd Insurance
(formerly Fisher & Associates)
Noblesville, IN
Merger 2013

Deirdre Fisher

Shepherd Insurance, formerly Fisher & Associates

Noblesville, IN

 

“As a partner in a long-standing agency in the Noblesville Community we found a need to have additional resources, carriers, and team support for our client base. We did not have to search long. After meeting with Dave Shepherd, Jeff Kweder and Steve Sweitzer it was determined this was the best fit for the agency, our client needs and future growth opportunities. Shepherd Insurance has been the partnership and support system that our agency and clients needed. We are happy to be a part of the Shepherd Family!”

Steve Goodin

Shepherd Insurance
(formerly Ascend USA)
Carmel, IN
Merger 2013

Steve Goodin

Shepherd Insurance, formerly Ascend USA

Carmel, IN

2014

Rex Early

Shepherd Insurance
(formerly Consolidated Insurance)
Indianapolis/Lafayette, IN
Merger 2014

Rex Early

Shepherd Insurance, formerly Consolidated Insurance

Indianapolis/Lafayette, IN

 

“When I sold my agency to Shepherd, I didn’t really want to retire. Our sales agreement called for me to stay on with Shepherd for a specific time. Excluding my service in the Marine Corps (where I had a lot of bosses), I have never been an employee; I have always been self-employed. I couldn’t be more pleased with my relationship. Not only are they fun to work with, I am really impressed with the quality of the Shepherd team. Also important, my key accounts at Consolidated like the quality and expertise of the additional support staff that are serving them.”

Steve Wylam

Shepherd Financial
(formerly CAMI)
Indianapolis, IN
Merger 2014

Steve Wylam

Shepherd Financial, formerly CAMI

Indianapolis, IN

 

“No matter how well you think you service your clients, when you are a smaller firm, you have limited time and resources to devote to clients and growing your business. Ultimately, scale matters. The culture, the high caliber personnel, and the team spirit at Shepherd enable us to leverage our time to be more productive – allowing us to both service our existing business better and grow at a far quicker pace.“

Tom Mayer

Shepherd Financial
(formerly CAMI)
Indianapolis, IN
Merger 2014

Tom Mayer

Shepherd Financial, formerly CAMI

Indianapolis, IN

Fred McClaine

Formerly Agency Associates, Inc.
Sold to Brown & Brown, Inc.
Carmel, IN
Merger 2014

Fred McClaine

Formerly Agency Asociates, Inc. Sold to Brown & Brown, Inc

Carmel, IN

 

“I decided to join Shepherd because of a similar Culture. I owned my own agency for 16 years, we grew to 42 employees and then sold to Brown & Brown a national brokerage. I was the leader of the Indiana division for 6 years. At first, the Culture was the same as we had before, a family sales were driven branch that valued our clients and employees. Due to a leadership change at a national position, that changed….. I had competed for 25 years with Shepherd and lost many times in direct head to head battles for clients, so when I took a deeper dive into Shepherd I found we were very similar and was a great fit for my goals. Great people and fun environment, we love to compete to win every day and help those around us get better. It is truly a team effort to build an exceptional agency and a great place to retire……someday…..but not anytime soon, as this business is more fun when you enjoy your partners and associates!”

2015

Bill Bolander

Pence Brooks Bolander & Shepherd
(formerly Bolander Ianni Insurance)
Greenfield, IN
Merger 2015

Bill Bolander

Shepherd Insurance, formerly Bolander Ianni Insurance

Greenfield, IN

 

“I was the sole owner of my agency. I had bought my business partner Tony Ianni out. At one time I thought one of my two sons would be interested but they weren’t and have gone to different careers. I had several employees and was concerned for them as well as myself if I sold out. Two had been with me over 20 years so I felt an obligation to them as well as concern for our future. I had talked to some others but when I was approached by Dave Shepherd and Jeff Kweder, as corny as this may sound, I had a feeling of relief and calm about the future. After several meetings I told my wife Becky who was in the agency as well, these are the guys we should align ourselves with. We are thrilled that we did. A big concern that I was wrestling with was keeping carriers happy. At Shepherd that is not an issue. Now it’s deciding which one to use. Since joining Shepherd I have been working with some young producers on a specialty program I started when I was on my own and didn’t have time to devote to it. These young guys have taken it and ran with it. My former employees are happy, my wife is happy and I am happy. It was a great move.”

2016

Patrick Del Medico & Al Purmort Jr.

Al Purmort InsuranceSarasota, FLMerger 2016

Patrick Del Medico & Al Purmort Jr.

Al Purmort Insurance

Sarasota, FL

 

“We were fortunate enough to have known and worked closely with the leadership at Shepherd for almost 10 years prior to joining forces with them. During this time the three consistent things that continued to impress us was their unwavering desire to grow, their ability to constantly challenge themselves to improve and their incredible passion for investing in their people and doing everything they could to help them succeed. We also shared these same values; however, we knew if we wanted to get to the next level we needed a true partner who could provide us with the breadth of resources we needed while also being committed to helping us achieve our goals. Through our partnership with Shepherd, we have found that not only do our cultures mirror each other, but we’ve also discovered how much fun and success we can achieve when we have the right resources, people and support behind us. This move has helped re-energize our entire organization and has given us the confidence and competitive advantage we need to succeed moving forward. We’re a proud member of the Shepherd family and are extremely excited about our future moving forward!” – Patrick Del Medico

Dean Webster

Shepherd Insurance
(formerly Dean Webster Insurance)
Evansville, IN
Merger 2016

Dean Webster

Shepherd Insurance, formerly Dean Webster Insurance

Evansville, IN

 

“As a long-time owner operator of an agency I have had to make several tough decisions. Joining the Shepherd team was certainly one I thought about and worked on for some time. I could not be happier with my decision. The resources we now have at our fingertips is unrivaled. The synergy of excellence within the Shepherd family is unique in the business world. It’s amazing to have so many talented people with a variety of expertise and the willingness to offer their help. Joining the Shepherd team has allowed me and my staff to blend in seamlessly and keep doing what we have always done, which is to help people. My only regret is that I didn’t do it sooner.”

Steve Smith

From MJ Insurance
Carmel, IN
Merger 2016

Steve Smith

From MJ Insurance

Carmel, IN

 

“After several years of watching Shepherd compete and grow in the Indianapolis area, I discovered they had several niche markets. I felt confident that our transportation division from our former employer would fit nicely in their truck dealership space. We came to an agreement that Shepherd would purchase our logistics practice. Lisa Smith and I have had the pleasure of developing, growing, advising, and mentoring the next generation of Shepherd’s young guns.”

Scott Crabdree

Crabdree & Shepherd Insurance
(Formerly Crabdree Insurance)
Payson, AZ
Merger 2016

Scott Crabdree

Crabdree & Shepherd Insurance, formerly Crabdree Insurance

Payson, AZ

 

“I had reached the point with my agency that I was looking to acquire another agency or if the right partner came along merge with that agency. When my wife and I flew to Carmel Indiana to meet with the ownership team for Shepherd, we were blown away by the culture of this agency. The values and goals matched our own and we felt that Shepherd was the right fit for us. Not only did they bring multiple top insurance companies into our agency, they brought a whole team that thrives on winning! We are confident that we made the right decision.”

2017

Mike Becher

Dale State Insurance
Dale, IN
Merger 2017

Mike Becher

Dale State Insurance

Dale, IN

 

“When I first considered a merger, I took the advice of outsiders to look at three or four agencies. I looked to partner with an agency that would allow Dale State Agency the opportunity to not only survive in this business for the next 30 plus years but to thrive. I looked for not just additional carriers but the right carriers. I looked for a team of professionals who had a vision for growth. I looked to join a team who possessed the same values as I do – hard working honest people who were totally dedicated to their work but had fun doing it. I wanted to join a team that would allow us to win more, both from a new business standpoint and to be able to increase retention with the right additional carriers. And at the same time not micromanage us but give us the professional guidance that we so desperately needed. After the second meeting with Dave Shepherd, Quinn Shepherd, and Jeff Kweder I felt that Shepherd was the only potential partner to fulfill everything that I was looking for. We gained each other’s trust from the beginning. I can tell you that all promises have been fulfilled. Everybody at Dale State is energized again and excited about the boundless opportunities that lie ahead working with the greatest people on this planet.”

Brad Priday

Rayls & Shepherd Insurance
(formerly Rayls Insurance)
Kokomo, IN
Merger 2017

Brad Priday

Rayls & Shepherd Insurance, formerly Rayls Insurance

Kokomo, IN

 

“As an agency that has been in the Kokomo area for 70 years, we needed the right fit to move forward with our current and future customer base. Shepherd was that perfect fit to increase our market availability and value added services that our customers deserve. Our merger has allowed us to keep the culture we have had for many years while bringing the valuable resources Shepherd provides. The legacy of Rayls Insurance and its relationship with the community is flourishing even more because the merger.”

Dave Bennett

Bennett & Shepherd Insurance
(formerly Bennett Insurance)
Winamac, IN
Merger 2017

Dave Bennett

Bennett & Shepherd Insurance, formerly Bennett Insurance

Winamac, IN

 

“Having owned and managed my own insurance agency for over 20 years, I was tired of trying to stay on top of the constantly changing technology and the ever-increasing carrier demands. But I was not ready to retire from the business that I love. I had looked at all the options available from selling to a bank to joining a cluster or an aggregation group. None of these options gave me the opportunity to remain active and grow my agency like the Shepherd model did while giving me the peace of mind that I have perpetuated my agency. The Shepherd model gives me the freedom and independence to continue running the agency the way I feel is best with the added markets and expertise that I had been lacking. The folks at Shepherd have truly been great to work with and have provided the resources we needed to bring our agency to a much higher level.”

2018

Trent Hunt

Logan Lavelle Hunt Insurance
Louisville, KY
Merger 2018

Trent Hunt

Logan Lavelle Hunt

 

“I had the pleasure to know Dave and Quinn Shepherd, along with Jeff Kweder and others at Shepherd for several years. I recognized early what a great culture, personnel and acumen for our industry Shepherd possessed. All were similar traits to our firm here at LLH and the merging of our organizations have made all that much stronger!!”

Margaret Howser

Logan Lavelle Hunt Insurance
Louisville, KY
Merger 2018

Margaret Howser

Logan Lavelle Hunt

 

“I didn’t know it then, but I joined a “family” in 1987 when I joined Winston & Company Benefits. I learned the insurance business from an entrepreneur who focused on what was important in life and in the workplace. I have been in Operations and Human Resources my entire career. We joined forces with Logan Lavelle Hunt in 2006, and I continued my role as Vice President and Partner. Now, a Partner in Shepherd Insurance, I am excited to continue doing business the ‘right’ way, the Shepherd way!”

Michael Richardson

Logan Lavelle Hunt Insurance
Louisville, KY
Merger 2018

Michael Richardson

Logan Lavelle Hunt

Stan Logan Jr.

Logan Lavelle Hunt Insurance
Louisville, KY
Merger 2018

Stan Logan Jr.

Logan Lavelle Hunt

 

“Logan Lavelle Hunt originally had a plan to perpetuate from within and had started down the road of bringing capable agency partners in and teaching them the skills to eventually run the agency. Two of our senior partners had already begun to talk about retiring in the near future and their future buyout was concerning to me because I wasn’t sure I wanted to take on that personal debt, only to be bought out myself in 3 to 5 years. Talks began with the folks at Shepherd and things just moved along from there. I understand more now how it feels to be on the other side of the table, as previously I had always been the buyer and knew in my mind that things would work out. A lot of trust goes into any deal like this. We feel like the Shepherd merger has been a win/win situation and I’m energized and looking forward to building the brand in the future.”

Steve Church

Logan Lavelle Hunt Insurance
Louisville, KY
Merger 2018

Steve Church

Logan Lavelle Hunt

 

“The Shepherd team is amazing to work with. From the very beginning of the transition, I have found everyone to be very helpful and genuine. Our situation was a unique partnership and thus far it has been exceptional. Quality people with a purpose and direction, I would say that is a win-win-win! I am looking forward to strongly finishing my career as a Shepherd partner.”

Terry Brockman

Insurers Inc.
Ferdinand, IN
Merger 2018

Terry Brockman

Insurers Inc.

Ferdinand, IN

Mike Ehrman

Shepherd Insurance
Formerly Sorg-Ehrman Insurance
Merger 2018

Mike Ehrman

Shepherd Insurance, formerly Sorg-Ehrman Insurance

Indianapolis, IN