Higginbotham & Associates Inc. and Capital Benefits Group Inc. have merged operations in a move that creates one of the larger independent insurance and employee benefits firms in central Texas.

The deal brings Higginbotham's headcount to 543 employees in 19 offices throughout Texas. The company, headquartered in Fort Worth, has been actively expanding through partnerships and mergers.

Higginbotham provides property/casualty insurance and employee benefits services, while Capital Benefits offers employee benefit consulting. Together they will employ 75 insurance and administrative professionals in Austin.

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