Unison acquires Top 100 brokerage
- June 25, 2025
- Posted by: Web workers
- Category: Workers Comp
Unison Risk Advisors said Tuesday that Gibson Insurance Agency Inc., a South Bend, Indiana-based brokerage, has merged with the company.
Terms were not disclosed.
Privately owned Gibson is the 87th-largest brokerage of U.S. business, with $43.4 million in 2024 brokerage revenue, according to Business Insurance’s most recent ranking.
The company has 189 staff in seven offices in Midwestern and Western states. About half its business is commercial retail, and the remainder is employee benefits and personal lines.
Gibson will continue to operate under its own name and leadership, headed by CEO Tim Leman and President David Walters, Unison said in a statement.
Unison was formed in 2020 through the merger of Oswald Cos. and Riggs, Counselman, Michaels & Downes Inc. It is the 38th-largest broker of U.S. business, with $233.7 million in 2024 brokerage revenue.
In 2022, Canadian private-equity firm Peloton Capital Management Inc. took a minority stake in Unison, but the broker remains majority-owned by its management and employees.
With the Gibson deal, Unison has 1,400 employees in 40 locations, according to the statement.
