Two Scottsdale-based insurance groups announce plans to merge

Provident Insurance Group, LLC, an independent insurance company based in Scottsdale, and Eaton & Associates, an independent insurance brokerage firm also based in Scottsdale, announced plans to merge.

The newly formed entity will begin operating as Eaton-Provident Group, LLC on Jan. 1, 2016. The merger combines professional and national marketing expertise acquired over more than three decades.

The new firm will continue to lead the Arizona market in customer service for established and growing market segments by building on strong customer relationships, individual and corporate risk analysis and the latest technology, according to a press release.

All three owners will continue to personally maintain relationships with their clients.

The Eaton-Provident Group will serve commercial market segments primarily in construction, social service industry, transportation and the expansive senior living industry. E-P staff is organized to serve small businesses as well as large firms needing risk management expertise.

In addition, separate operating departments have been expanded to provide expertise to the group health and employee benefit market, bonding and growing personal insurance markets requiring a more holistic approach.

Established in 1980, Eaton & Associates sets a traditional, time-honored standard for business growth and operations. Provident Insurance Group, founded in 2014, adds a focus on growing business by leveraging technology, recruiting young talent and establishing a tech-savvy operational standard.

“Knowing that there is a tremendous age gap among insurance professionals in the industry as a whole, it seemed like a perfect fit,” stated Jeff Schmidt in a press release. “Eaton & Associates brings an experienced staff to the table, capable of passing decades of insurance industry experience and insight on to Provident’s younger professionals.”

Upon launching Provident, Jeff Schmidt, who began his career 10 years ago at age 19, began recruiting and grooming young, motivated people eager to establish careers in the insurance industry. Mr. Schmidt’s expertise includes professional liability insurance for the senior care and medical industry.

Celebrating his 30th year as an independent insurance agent, Provident co-founder Tim Schmidt previously established two independent insurance agencies—Southwestern Capital Insurance in 1989, and Southwest Insurance Brokers in 2008. Schmidt’s expertise
includes property and casualty coverage for contractors, transportation companies and commercial property managers.

While a majority of insurance industry agencies trend toward corporate ownership, Eaton-Provident Group will remain privately owned and managed, and is positioned to join the top 10 percent of Arizona’s largest independent and privately-owned insurance firms.

The newly established Eaton-provident Group will continue to focus on recruitment and development of young professionals, providing mentorship and pathways to insurance industry careers.

The new Eaton-Provident corporate offices are located at 3333 N. Hayden Rd., Scottsdale.

For more information about Eaton-Provident Group, or to inquire about career opportunities, visit the Eaton-Provident Group website, e-mail, or call 480-941-4895.

The Scottsdale Independent publishes a free daily newsletter. A print edition is mailed to 75,000 homes and businesses each month. If you value our journalistic mission, please consider showing us your support.

You are encouraged to leave relevant comments but engaging in personal attacks, threats, online bullying or commercial spam will not be allowed. All comments should remain within the bounds of fair play and civility. You can disagree with others courteously, without being disagreeable. Feel free to express yourself but keep an open mind toward finding value in what others say. To report abuse or spam, click the arrow in the upper right corner of the comment box.

Facebook Comment