Bartlett, IL. (May 17, 2023) – Árachas Group, an independent insurance agency based in Bartlett, Illinois, has been named Keystone Agency Partners’ ‘Agency of the Year’ and ‘Most Deals by Volume’ for 2022. Since joining Keystone Agency Partners (KAP), Árachas Group has acquired independent insurance agencies from Illinois and Minnesota including Bullis & Sundberg, The Palabe Group, C&G Insurance Agency, Inc., Atwood Insurance, Harmony Insurance, Bullis Insurance Agency, VMC Group, and K&B Financial.
The awards recognize the outstanding growth, profitability and overall success of Árachas Group through acquisitions and double-digit organic growth. Over the past year, Árachas Group has more than doubled in size, acquiring eight agencies. The company now employs insurance professionals in eight states and has expanded its footprint by being licensed in 44 states. Through the agency’s partnership with KAP and Keystone Insurers Group, Árachas Group is able to sell commercial, personal and employee benefits insurance in all 50 states. The company maintains relationships with more than 60 of the country’s top insurance carriers.
“We are thrilled to be named KAPs’ ‘Agency of the Year’,” said William Sullivan, CEO of Árachas Group. “This recognition is a testament to our team’s hard work and dedication. We have always gone above and beyond for our clients, insurance company partners, and fellow co-workers, Working as One. KAP’s platform has proven to be a strong partner and we’re proud to be named amongst the fellow platform partners as we continue to deliver profitable growth.”
Árachas Group currently employs 120 members across several offices located in the Chicagoland area and Minnesota. The agency was acquired by KAP in July 2021 when the agency had 50 employees and approximately $9.8 million in revenue. At the time of KAP partnership, William Sullivan, Kevin Lesch, Greg Mattingly, Dallas Peters and Brian Dolewski were named partners, following the acquisitions since 2021, Árachas Group has added Valeria Mogildea, Meghan Kelly and Erin Kelly.
“The insurance industry is a people business and we’re fortunate to have the best in the industry,” says Kevin Lesch, Chief Operating Officer of Árachas Group and President of the IIA of Illinois. “Over the past two years we have built a team that continues to consistently deliver results on behalf of our clients. We couldn’t be prouder to have received this prestigious award.”
Keystone Agency Partners is a rapidly growing insurance brokerage platform that acquires and partners with independent insurance agencies throughout the United States. KAP provides best-in-class services and capital investment that unlocks potential and delivers outsized and profitable growth within its platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP. For more information, please visit: www.keystoneagencypartners.com.
Árachas Group, LLC is an independent insurance agency that specializes in providing insurance solutions for business insurance, employee benefits, and personal insurance. With a focus on creating specialized insurance packages for specific needs, Árachas Group is committed to helping clients protect themselves from the unexpected. Árachas Group employs 120 insurance professionals and writes insurance in all 50 states. The company is based in Bartlett, IL. For more information, please visit: www.arachasgroup.com
