News, Mergers & Acquisitions
OneDigital Acquires Sprouse Insurance
OneDigital Acquires Sprouse Insurance
Addition of leading property & casualty and risk management consultancy elevates value for clients across Northeast
ATLANTA, GA – December 12, 2022 – OneDigital, the nation’s leading insurance brokerage, financial services and HR consulting firm, has acquired the assets of Ohio-based Sprouse Insurance (Sprouse). Sprouse represents OneDigital’s first property & casualty and risk management office in Ohio, joining the region’s existing employee benefits, retirement and wealth and human resources consulting practices, creating a holistic set of offerings for businesses and people.
Founded in 1957, Sprouse Insurance has provided property & casualty insurance brokerage services to more than 5,000 individuals and businesses across Northwest Ohio. In acquiring Sprouse, OneDigital adds scale as it expands its P&C presence across the country.
Welcoming the Sprouse team to our expanding footprint is an exciting milestone for our Ohio market. Derek and his team know the Ohio market well, and Sprouse has excellent relationships across the region. We will benefit from their knowledge and insight as we expand our presence and deliver more value to clients.
-Tim Paradiso, Managing Principal, OneDigital
"Over the last 65 years, Sprouse Insurance has prided itself on delivering customized insurance solutions throughout Northwest Ohio. Our local presence provides a deep knowledge of the clients and communities that we serve. We have found a partner in OneDigital that shares those same values and culture. I am excited to join forces with such a well-respected company and expand our capabilities and offerings together," said Derek Sprouse, President at Sprouse Insurance.
President Derek Sprouse will join OneDigital and collaborate with leaders across the nation to bring additional value to clients. Local agencies Wittkamp and Martin & Martin, previously acquired by Sprouse in 2021, will also roll up under the OneDigital umbrella. The experienced Sprouse team will enhance OneDigital’s existing P&C presence across the country with four Ohio offices in Fremont, Genoa, Woodville, and Oregon. The acquisition of Sprouse is in line with OneDigital’s strategy to continue growing its presence as the most dominant player in the insurance, financial services and HR consulting space, both through a series of solution expansions, organic growth and M&A activity.
OneDigital is a steward of business growth and people potential. Our insurance, financial services and HR platform provide personalized, tech-enabled solutions for a contemporary work-life experience. Nationally recognized for our culture of caring, OneDigital’s teams enable employers and individuals to do their best work and live their best lives. More than 100,000 employers and millions of individuals rely on our teams for counsel and access to fully integrated worksite products and services and the retirement and wealth management services provided through OneDigital Investment Advisors. Founded in 2000 and headquartered in Atlanta, OneDigital maintains offices in most major markets across the nation. To learn more, visit onedigital.com.
About Sprouse Insurance
Founded in 1957 by Les & Barb Sprouse, Sprouse Insurance is under the third generation of family management and based in Fremont, OH with offices in Genoa, OH, Woodville, OH and Oregon, OH. Sprouse Insurance is a property and casualty company providing insurance and financial solutions to more than 5,000 individuals and businesses. Sprouse Insurance's dedicated insurance specialists help clients navigate the complicated insurance decisions, finding the right coverage to better protect their customers. To learn more, visit sprouseagency.com.