The Plexus Groupe

What The Plexus Groupe does

The Plexus Groupe is a privately held, independent insurance advisory firm headquartered in Deer Park, Illinois, with additional offices in Chicago, Dallas, Oklahoma City, and Tampa. Founded in 1990 as Fawcett Insurance Agency and rebranded in 2000, the firm operates across five integrated practice areas: Business Solutions (property & casualty with industry specializations including Power Generation, Real Estate, Manufacturing, Private Equity, Construction, Hospitality, Technology, Transportation/Aviation, Cannabis, and Cyber), Employee Benefits (healthcare cost management, compliance, and administration), Private Client personal insurance for high-net-worth individuals, Retirement Services through its wholly-owned subsidiary Plexus Financial Services LLC (a SEC-registered, FINRA/SIPC-member registered investment advisor), and Mergers & Acquisitions advisory. Since 2024 the firm has been a member of Assurex Global, giving it servicing reach in over 130 countries.

The firm's technology stack centers on proprietary, non-AI tools rather than platform software: the Axis risk-assessment framework, PATH (Plexus Analytics Tool for Healthcare) for clinical claims analytics and ROI benchmarking, and Plexconnect compliance management software for benefits administration and ACA reporting, alongside a self-service small-business quoting portal through third-party partner WithLyr/Layar. No API, SDK, or developer portal exists; integrations are limited to the WithLyr partner portal.

The Plexus Groupe earns revenue through insurance brokerage commissions and fee-based advisory across its five practices. It sells primarily through an enterprise field-sales motion with dedicated client service teams, augmented by a self-serve SMB portal. The firm has completed eight acquisitions across 2016, 2020, and 2022, holds an equity-partnership ownership model (with two new equity partners named in December 2025), and ranks #90 on Business Insurance's Top 100 Largest Brokers of U.S. Business list (2026, fifth consecutive year of recognition).

Name

The Plexus Groupe

Legal name

The Plexus Groupe LLC

Website

https://plexusgroupe.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

The Plexus Groupe is a privately held, independent insurance advisory firm headquartered in Illinois that delivers property/casualty, employee benefits, private client, retirement plan, and M&A insurance solutions to mid-to-large enterprises and high-net-worth individuals across five U.S. offices and through the Assurex Global network.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage and Advisory

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Funds (525190)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

akta.pro secondary industry

Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)

Keywords

• Commercial insurance brokerage
• Risk management advisory
• Employee benefits consulting
• Retirement plan advisory
• Private client insurance

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Brokerage and Advisory Services: The company generates revenue through insurance brokerage commissions and advisory fees for risk management, employee benefits, private client, retirement services, and M&A advisory. Revenue is derived from commissions on insurance placements and fee-based consulting services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

The Plexus Groupe is an independent insurance brokerage and advisory firm delivering property and casualty coverage, employee benefits, retirement plan advisory, high-net-worth personal insurance, and M&A insurance solutions. The firm serves clients through dedicated practice areas supported by proprietary tools including the Axis risk assessment framework, PATH healthcare analytics, Plexconnect compliance software, and Plexus Technology Services. It writes business in all 50 U.S. states and extends internationally through its Assurex Global partnership.

Product overview

The Plexus Groupe is an independent insurance advisory firm offering a comprehensive portfolio of insurance and risk management services. The core offerings include Business Solutions (property & casualty with multiple industry specializations), Employee Benefits Solutions (healthcare and benefits administration), Private Client Personal Insurance (high-net-worth personal coverage), Retirement Services via Plexus Financial Services subsidiary, and Mergers & Acquisitions advisory. Supporting technology includes PATH analytics for healthcare claims, Plexconnect compliance software, and the proprietary Axis risk assessment framework. A self-service small business portal powered by WithLyr provides instant quotes for basic coverages.

Differentiator

Problem solved

Functional benefit

Brands

• Plexus Financial Services: Wholly-owned subsidiary specializing in corporate retirement plan advisory services including 401(k), profit-sharing plans, 403(b), 457(b), and non-qualified plans.
• Axis
• PATH (Plexus Analytics Tool for Healthcare)

Products and services

• Business Solutions
• Employee Benefits Solutions
• Private Client Personal Insurance
• Retirement Services
• Mergers and Acquisitions Insurance Advisory
• Self-Directed Small Business Insurance Portal

Quantifiable outcome

• 30% cost reduction for clients
• +4 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

One partnership is on record.

• Assurex GlobalcoreStrategic or Co-development Partner · 1 September 2024Assurex Global is the world's largest network of privately held insurance brokers. The Plexus Groupe joined as a partner in 2024, gaining access to unparalleled resources and local expertise across over 130 countries and five continents. This partnership enables the company to provide comprehensive solutions with a personal touch backed by a global partnership.

Scale indicators6 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• USI Insurance Services: USI is a privately held insurance brokerage serving mid-market and large commercial clients across property/casualty, employee benefits, and personal lines—comparable to Plexus in target customer profile, geographic distribution across multiple U.S. regions, and practice-area breadth.
• Hub International: Hub International is one of the largest privately held insurance brokerages in North America, operating across commercial insurance, employee benefits, and personal lines with a multi-state office footprint and acquisition-driven growth model that closely mirrors Plexus' strategy and target customer segments.
• Alliant Insurance Services: Alliant is a privately held specialty-focused insurance brokerage with strong employee benefits and retirement advisory practices, a multi-state office footprint, and consistent Top 25 ranking—comparable to Plexus in service mix and customer profile, with somewhat broader scale.
• AssuredPartners: AssuredPartners is a PE-backed (GTCR) national insurance brokerage with a strong acquisition-led growth playbook, multi-state office network, and diversified commercial/personal/benefits practices—making it one of the closest structural analogs to Plexus' growth trajectory.
• Woodruff Sawyer: Woodruff Sawyer is a privately held commercial insurance brokerage specializing in mid-to-large business clients across real estate, healthcare, construction, and technology verticals—directly comparable to Plexus in private ownership, vertical specialization, and target customer size.
• Lockton Companies: Lockton is the world's largest privately held insurance broker, with deep specialty practices, strong employee benefits and retirement capabilities, and a fierce independence ethos that mirrors Plexus' "fiercely independent" positioning while operating at materially larger scale.
• Brown & Brown Insurance: Brown & Brown is a publicly traded national insurance brokerage with a decentralized operating model, deep specialty practices, and a long history of organic-plus-acquisition growth—directly comparable to Plexus in product breadth, customer segments, and distribution model.
• OneDigital: OneDigital is a privately held insurance, financial services, and HR consulting firm combining employee benefits brokerage with retirement advisory—closely analogous to Plexus' integrated employee benefits + retirement services (Plexus Financial Services) model.

Broad incumbents

• Arthur J. Gallagher & Co. Gallagher is a global, publicly traded insurance brokerage and risk management firm serving mid-to-large commercial, benefits, and retirement clients—broadly overlapping Plexus' practice areas while operating at significantly larger scale across multiple segments.
• Marsh McLennan: Marsh is the world's largest insurance broker and risk advisor, serving enterprise and global clients across commercial insurance, benefits consulting (Mercer), and retirement—operating as a top-of-list incumbent against which mid-sized brokers like Plexus compete for premium accounts.

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/plexusgroupe
• YouTubevimeo.com/user154831775
• Facebookfacebook.com/plexusgroupe
• LinkedInlinkedin.com/company/86643
• Instagraminstagram.com/plexusgroupe/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Plexus Groupe