Mackall, Crounse & Moore, PLC has joined Dewitt Ross & Stevens S.C.

The newly formed DeWitt Mackall Crounse & Moore S.C. will provide clients with enhanced legal services
and efficiencies as well as access to more than 100 attorneys practicing in nearly 30 areas of
law in Wisconsin and Minnesota.

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Diversified Insurance Solutions Becomes 100% Employee-Owned

As of January 1, 2017, Brookfield, Wisconsin-based Diversified Insurance Solutions has become a 100% ESOP-owned insurance brokerage firm. Details are set forth in an article in BizTimes.com.

Jim McCormack, the principal prior owner of the ocmpany, stated that selling to a third party was never really an option:

We have always had the mission and vision of staying independent. We think it's very important for our associates, our clients and our other constituencies, including our carriers, that we're able to make decisions locally without following someone's rules that are out of Chicago or Baltimore or wherever it might be.

CFO and COO Karl Cumblad noted that it was Mr. McCormack's legacy concerns which really drove the reasons for selling to an ESOP:

For some,motivation is pure profit. When those motivations are different than that... many owners in his situation, I believe, have that same pride in the organization they built and the desire for that organization to continue after they're no longer involved.

 

About the Author

Tim Stewart serves companies of all sizes, in several industries including manufacturing, distribution and transportation, with multiple clients in the professional employer organization (PEO) industry. A sample of the clients he currently represents includes: ABC Supply, Inc., Weather Shield Manufacturing, Inc., Diversified Benefit Services, The QTI Group, and The Employer Group.

Contact Tim by email or by phone at (262) 754-2869.

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One of the best features about our website articles and blog entries is that they are timely—you get up-to-date information on the law as it exists at the time. The downside is that the law changes, but our older entries don't. That means we can't guarantee you are getting the most current law when reading through past entries.

Please don't take these articles and blog entries and rely on them as legal advice. Give us a call instead, for specific and pointed advice for your particular situation. Note that contacting us does not create an attorney-client relationship, unless you are accepted as a client of the firm.

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DeWitt Ross & Stevens S.C., including its affiliate DeWitt Mackall Crounse & Moore S.C., is one of the ten largest law firms based in Wisconsin, with an additional presence in Minnesota. It has more than 120 attorneys practicing in Madison, Metropolitan Milwaukee and Minneapolis in over 30 legal practice areas, and has the experience to service clients of all scopes and sizes.

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