LONGMONT, Colo.--- First MainStreet, a northern Colorado financial services organization offering banking, insurance, trust, investment and mortgage products and services, announces that First MainStreet Insurance acquired Value Quote Insurance, a Longmont-based insurance agency guiding individuals and businesses through the health insurance purchase process, and providing administrative services for employee benefit programs. Details about the transaction are undisclosed.
"We are excited about the opportunities this acquisition brings to us and our clients," said Tom Chapman, First MainStreet Insurance President and CEO. "Our mission has always been to provide exceptional customer service, to prudently manage employee benefit dollars and to custom design benefit programs that fit each employer's specific needs. The philosophy and business strategy at Value Quote are a perfect fit with us. Together we will be able to combine our resources and expertise to provide new products and enhanced service to our clients."
Although First MainStreet provides group health insurance and other employee benefits for businesses, its primary focus is on property and casualty services for its clients. Therefore, both First MainStreet and Value Quote customers will benefit from the combination of First MainStreet's expertise in property and casualty insurance and Value Quote's expertise in group benefits.
Founded in 1986 by Kurt and Melanie Mann, Value Quote is one of the largest group health care agencies in northern Colorado and is an Anthem Blue Cross Blue Shield and United Health Platinum Agency. It also works with many other major health insurance providers including Kaiser Permanente, Great West Life, MetLife, AFLAC, Humana and PacifiCare.
"We're eager to join the First MainStreet Insurance group, and to combine to become a stronger and growing insurance business," said Kurt Mann, chairman and founder of Value Quote Insurance. "Our customers will benefit from this union and have continued access to Value Quote staff and expertise, as well as a broad range of new products from First MainStreet Insurance."
The majority of Value Quote's business is in providing and administering group benefit programs for local employers who want to offer their employees health, life and disability insurance as well as 401(k) savings plans and other benefits. Value Quote also specializes in health and life insurance for individuals and families. The Insurance agency brings a wealth of expertise in serving individuals and businesses in the range of 3-300 employees with group health.
