MidCap Advisors, LLC, a leading insurance investment banking firm serving independent insurance agencies, congratulates Chris Badger on his appointment as Head of the Gulf States for World Insurance Associates LLC (“World”), one of the nation’s fastest-growing insurance brokerages.
Just one year ago, Mr. Badger was leading one of several notable local agencies in the Gulf States Region, evaluating strategic options for the future. Seeking the right path forward, the agency engaged MidCap as its exclusive financial advisor, which—through a competitive process—identified World as the ideal partner to strengthen market presence, expand resources, and provide a platform for Mr. Badger’s continued leadership, culminating in his promotion to Head of the Gulf States. To see World’s announcement.
“Chris’s journey is a powerful example within the independent agency sector,” said Frank Robertson, Partner at MidCap Advisors, who led the engagement alongside Vice President Brandon Bisack. “A thoughtfully executed sale is not solely about maximizing valuation—it can also open the door to meaningful leadership opportunities while allowing owners to share in the future success of the larger platform they join. For agency principals considering succession or strategic partnerships, it is a path that can deliver both immediate value and long-term growth.”
In his new role, Mr. Badger will oversee World’s operations across Alabama, Louisiana, Mississippi, and Texas—one of the most active insurance M&A regions in the country. The Gulf States and the broader Southeast are experiencing a notable shift: national acquirers are accelerating regional expansion, regulatory and competitive pressures are increasing, and forward-looking agency owners are reassessing strategies to secure long-term growth in a consolidating marketplace.
MidCap’s continued work in the region reflects this momentum, with recent transactions further expanding platform presence and reach across the Gulf States.
For agency owners interested in exploring leadership opportunities, simplifying operations with the support of a larger platform, or capturing value while retaining a stake in future growth, MidCap Advisors offers confidential, tailored guidance to help determine the best path forward.
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