Have you heard that Greg Hatcher is selling The Hatcher Agency?
Whispers heard that too, but Hatcher says that’s not exactly right.
What he did is sell an interest in the downtown Little Rock insurance agency to Acrisure LLC of Caledonia, Michigan.
“It was just a good move to take some chips off the table,” he said. “I turned something illiquid into something liquid.”
But other than sharing ownership — Hatcher wouldn’t reveal the split, but he says he still has “a lot of stock” — nothing will change.
“I’ll be working here until the day I die,” he said.
Successful insurance agencies are a hot commodity these days. Hatcher said he’s had offers to buy his company for 20 years, but it was only when he started getting offers from investors who clearly weren’t interested in taking over the management that he got interested.
Pulling out cash allowed him to pay off debt and positioned The Hatcher Agency, “The Home of Outrageous Service,” for more organic growth, he said. But, no, he isn’t looking to acquire any other agencies.