Truss Peak Holdings LLC, through its subsidiary TPH Insurance Hold Co. LP, has acquired Leaders Life Insurance Co., based in Tulsa, Oklahoma.
The seller, Michigan Farm Bureau Financial Corp., transferred ownership under undisclosed terms.
Leaders Life holds licenses in 15 states and distributes life, short-term disability, and accident insurance through 700 agents and 1,400 employer groups.
The company focuses on workplace-based insurance offerings.
Truss Peak stated that Leaders Life will maintain its current brand and leadership. No immediate staffing changes are planned.
The new owner aims to expand the company’s licensing presence, particularly across the Midwest, and intends to invest in technology and product development.
William Ketterer, president and chief investment officer of Truss Peak, said the acquisition aligns with the company’s strategy to support financially sound insurance platforms that preserve brand identity and encourage growth. He noted Leaders Life’s regional reach, employee base, and distribution model as key strengths.
This acquisition reflects our long-term commitment to building an insurance platform focused on mutually beneficial insurance solutions which preserve the seller’s legacy, enhance financial strength, and promote growth
William Ketterer, president and chief investment officer of Truss Peak
“We see great opportunity in Leaders’ strong regional presence, their experienced team, and their approach to product delivery through the workplace,” said William Ketterer, president and chief investment officer of Truss Peak, in a statement
Truss Peak focuses on life insurance acquisitions and reinsurance, offering services in asset management, actuarial analysis, operations, sales, and accounting.
It is backed by South Summit Capital Management LLC and Thayer Street Partners. The company did not respond to requests for comment.
