FMIG Expands Portfolio with Acquisition of Downs Insurance Agency in Illinois

First Mid Insurance Group (FMIG) has officially announced its acquisition of Downs Insurance Agency, located in Decatur, Illinois. This significant transaction was finalized on January 12, 2026, marking a strategic move for FMIG in the insurance market.

The acquisition is a key component of FMIG’s ongoing growth strategy in central Illinois, allowing the company to enhance its footprint in the Decatur area. Downs Insurance Agency brings valuable expertise in both small commercial and personal lines, which will further bolster FMIG’s capacity to serve its clients across the region effectively.

Clay Dean, the Chief Executive Officer of First Mid Insurance Group, expressed enthusiasm about the acquisition, stating, “The addition of Brian Phipps and his team at Downs Insurance adds depth of expertise in our small commercial insurance vertical and strengthens our market presence in Decatur. Their experience and client-focused approach align well with our commitment to delivering high-quality insurance solutions.” This sentiment underscores the importance of aligning values and expertise in the insurance industry.

As part of this acquisition, all employees from Downs Insurance will transition to First Mid Insurance Group, ensuring a seamless integration of talent and resources. This move not only enhances FMIG’s service offerings but also reinforces its commitment to maintaining a strong workforce dedicated to client satisfaction.

Topics
Mergers & Acquisitions
Illinois

First Mid Insurance Group (FMIG) has officially announced its acquisition of Downs Insurance Agency, located in Decatur, Illinois. This significant transaction was finalized on January 12, 2026, marking a strategic move for FMIG in the insurance market.

The acquisition is a key component of FMIG’s ongoing growth strategy in central Illinois, allowing the company to enhance its footprint in the Decatur area. Downs Insurance Agency brings valuable expertise in both small commercial and personal lines, which will further bolster FMIG’s capacity to serve its clients across the region effectively.

Clay Dean, the Chief Executive Officer of First Mid Insurance Group, expressed enthusiasm about the acquisition, stating, “The addition of Brian Phipps and his team at Downs Insurance adds depth of expertise in our small commercial insurance vertical and strengthens our market presence in Decatur. Their experience and client-focused approach align well with our commitment to delivering high-quality insurance solutions.” This sentiment underscores the importance of aligning values and expertise in the insurance industry.

As part of this acquisition, all employees from Downs Insurance will transition to First Mid Insurance Group, ensuring a seamless integration of talent and resources. This move not only enhances FMIG’s service offerings but also reinforces its commitment to maintaining a strong workforce dedicated to client satisfaction.

Topics
Mergers & Acquisitions
Illinois