company overview
Leavitt Group Enterprises (“LGE”), based in Cedar City, Utah, was founded in 1952 and is a top 25 national insurance broker with revenues in excess of $500 million. LGE brokers a mix of commercial lines insurance, personal lines insurance and employee benefits products to accounts nationwide. The Company has over 250 offices in 27 states and employs more than 2,700 people. LGE’s book of business is well diversified but anchored in its commercial lines unit which comprises 48.8% of the Company’s revenues. LGE focuses on small and middle market commercial lines accounts. LGE also has strong personal lines and employee benefits units that comprise 25.7% and 25.1% of the revenue, respectively. This mix of business is attractive and allows LGE to cross sell products to all of its customers.
investment date
November 2024
Industry
Insurance
headquarters
Cedar City, UT