Insurance brokers Equity Risk Partners and Lipscomb & Cathey have formed a joint venture which will cater to the needs of the private equity space in Texas.
The new partnership, called ERP-Texas, will combine the niche expertise of San Francisco-based ERP with the longstanding reputation of Lipscomb & Cathey in the Dallas community.
Under the partnership, ERP and Lipscomb & Cathey will share resources with the intent to expand the scope of their respective businesses and capitalise on the recent uptick in private equity and M&A activity in Texas.
Ronnie Cathey of Lipscomb & Cathey says: “This initiative brings together two of the most trusted names in the industry to create a seamless enterprise that provides tremendous value for us. As we tap into the growth opportunities that this partnership provides, ERP-Texas is expected to become an increasingly important and profitable part of our business in the years ahead.”
“The formation of ERP-Texas represents an important milestone in our commitment to making a significant impact in the private equity space,” adds Michael Marcon, founder and chief executive of ERP. “By combining our individual capabilities and experience, this initiative will enable us to better serve our existing clients and will position us to become the optimal choice for private equity firms and portfolio companies in and around Texas. Both ERP and Lipscomb & Cathey have a culture that is focused on strategic vision, innovative ideas, and superior client service, and we are committed to bringing these same values to ERP-Texas.”
