First Mid Insurance Group Acquires Purdum-Gray-Ingledue-Beck (PGIB) Insurance Agency
June 16, 2023
First Mid Insurance Group (FMIG), the insurance arm of First Mid Bancshares, acquired Purdum‑Gray‑Ingledue‑Beck (PGIB) Insurance and Investments Agency, a long-established Macomb, Illinois insurance agency. The deal expands First Mid’s insurance capabilities and vertical expertise (notably healthcare and hospitality) while broadening its Midwest presence and client relationships.
- Buyers
- First Mid Insurance Group, First Mid Bancshares, Inc.
- Targets
- Purdum-Gray-Ingledue-Beck (PGIB) Insurance and Investments Agency
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Buyout
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