Leavitt Group acquires FBMC Benefits Management

Leavitt Group has acquired majority co ownership of FBMC Benefits Management , a Florida-based employee benefits agency generating about $30 million in revenue. The deal expands Leavitt Group’s employee benefits footprint and supports its broader growth strategy.

FBMC will continue to operate with local leadership and autonomy under Leavitt Group’s co ownership model. CEO David Faulkenberry remains in his role, while Rick Farris has been elevated to president. Both will become agency co owners and lead FBMC’s next phase of growth.

Founded in 1976, FBMC is a licensed independent insurance agency and third party administrator focused exclusively on employee benefits for private and public sector clients. The agency is headquartered in Tallahassee and brings nearly five decades of experience in benefits administration and compliance.

Leavitt Group operates more than 85 agencies across 28 states. The firm continues to use its co ownership model to scale through acquisitions while preserving local agency culture and leadership.