The Zachary Group
The Zachary Group is a privately held commercial insurance brokerage and risk management firm headquartered in Bloomington, Minnesota, serving thousands of clients across North America through six specialized industry verticals including affordable housing, real estate, education, construction, public entity, and food service.
- Company typePrivate
- Founded2005
- HeadquartersBloomington, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Zachary Group does
The Zachary Group is a privately held commercial insurance brokerage and risk management firm headquartered in Bloomington, Minnesota. Founded in 2005 by Steven W. Zachary II as a captive insurance agency focused on small business, the company has grown into one of the largest minority-owned insurance brokers in the United States, serving thousands of clients across North America. It is MBE-certified and operates across six specialized verticals: Real Estate, Affordable Housing, Education, Public Entity, Construction, and Restaurant & Food Service.
The firm's service offering is built around risk assessment, customized insurance placement, claims advocacy, and proactive loss control. Its go-to-market is sales-led and field-based, with professional advisors conducting direct client consultations, approaching specialized insurers on the client's behalf, and presenting tailored coverage options. Distribution runs through a direct-to-client model supported by the company website, phone, email, and free strategy-call consultations. Geographic reach is regional with national execution, demonstrated by the lead insurance placement for NYCHA's $137.6 million modernization project in Upper Manhattan.
The company earns revenue through three streams: insurance commissions paid as a percentage of premium, negotiated fee-based arrangements for defined scopes of service, and contingent income from insurers tied to profitability metrics. Pricing is not publicly disclosed and operates on an annual billing cadence for the commission component. The firm is founder-owned with no external institutional investment, and recently expanded via the May 2026 acquisition of Array Financial Services, a Minneapolis-based small business insurance brokerage.
The Zachary Group firmographics
Firmographics- Name
- The Zachary Group
- Legal name
- The Zachary Group Inc.
- Website
- https://zacharycompanies.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Zachary Group is a privately held commercial insurance brokerage and risk management firm headquartered in Bloomington, Minnesota, serving thousands of clients across North America through six specialized industry verticals including affordable housing, real estate, education, construction, public entity, and food service.
- Ownership category
- akta.pro rank
The Zachary Group industry classification
Industry- Product category
- Commercial Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where The Zachary Group is headquartered
LocationHeadquarters
- HQ city
- Bloomington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Zachary Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Commission: Generally paid a percentage of the premium as a commission from the insurer providing coverage.
- Fee-Based Services: Negotiated fee based structure depending on the scope of service for certain clients.
- Contingent Income: Paid contingent income from insurers based on certain profitability metrics.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Commission-based insurance brokerage |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
The Zachary Group product offering
Product offeringCore offering
The Zachary Group is an independent commercial insurance brokerage and risk management firm that connects businesses with tailored insurance coverage through industry-specific expertise. The firm operates across six verticals (Affordable Housing, Real Estate, Education, Public Entity, Construction, and Restaurant & Food Service), providing risk assessment, customized insurance placement, claims advocacy, and proactive loss control solutions on behalf of clients.
Product overview
The Zachary Group is an insurance brokerage firm that operates as a single unified service offering risk management and insurance placement solutions. The company provides broker services across six industry verticals (Real Estate, Affordable Housing, Education, Public Entity, Construction, and Restaurant & Food Service), with core services including risk assessment, customized coverage placement, claims advocacy, and market expertise to secure optimal insurance terms for clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Insurance Brokerage & Risk Management Services
- Affordable Housing Insurance Solutions
Quantifiable outcome
- $137.6 million insurance placement for NYCHA modernization project
- +1 more outcomes
Companies that use The Zachary Group
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles7 records
The Zachary Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Zachary Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship, core and minor.
- Array Financial ServicesflagshipThe Zachary Group acquired Array Financial Services, a Minneapolis-based insurance brokerage specialized in small business insurance. This acquisition accelerates growth and builds efficiencies across business sectors. Array's team joins The Zachary Group's existing brokerage and risk management practice, bringing deeper expertise and more specialized solutions for small and emerging businesses in the Upper Midwest.
- Project for Pride in Living (PPL)coreThe Zachary Group is a proud supporter of Project for Pride in Living, a Minneapolis-based nonprofit that builds hope, assets, and self-reliance for individuals and families with lower incomes through affordable housing and career readiness services. They donated $10,000 in February 2026, bringing total contributions to $25,000 for the year. The partnership aligns with The Zachary Group's commitment to affordable housing and community development.
- AAREP DCcoreThe Zachary Group was a Gold Sponsor of the AAREP DC (African American Real Estate Professionals) Annual Gala. The event celebrated excellence in the real estate community and was attended by Mayor Muriel Bowser. This partnership reflects the company's commitment to supporting excellence and growth in the real estate industry.
- Lighthouse AcademiesminorSteven Zachary, President and Founder of The Zachary Group, serves on the board of Lighthouse Academies, a charter school management organization based in Tampa, FL. This represents community leadership and board participation.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
The Zachary Group competitors and assessment
Company assessmentEmerging players
- Acrisure: Acrisure is a fast-growing, tech-enabled insurance brokerage built via rollups, competing across commercial lines with a broader geographic and product reach than The Zachary Group but a similar relationship-driven, multi-vertical model.
Direct peers
- Hub International: Hub International is a mid-to-large North American commercial insurance brokerage serving middle-market and specialty clients across industries including real estate, construction, and public entity — directly comparable to The Zachary Group's vertical-specialized, relationship-led brokerage model.
- AssuredPartners: AssuredPartners is a U.S. insurance brokerage built through aggressive acquisitions of regional and specialty brokerages, serving commercial clients in construction, real estate, hospitality, and public sector — directly parallel to Zachary Group's acquisition-led specialty approach.
- Risk Strategies Company: Risk Strategies is a national specialty insurance brokerage serving middle-market and enterprise clients across construction, real estate, education, and public entity — directly overlapping The Zachary Group's vertical mix and middle-market positioning.
- NFP (an Aon company): NFP is a mid-market-focused insurance brokerage and advisory firm serving commercial and personal lines clients across multiple verticals, with a rollup acquisition history that mirrors The Zachary Group's recent tuck-in of Array Financial Services.
Broad incumbents
- Brown & Brown: Brown & Brown is one of the largest U.S. insurance brokerages, with extensive specialty practices in construction, real estate, public entity, and other verticals served by The Zachary Group. It competes for the same middle-market and enterprise commercial accounts but at materially greater scale.
- Aon: Aon is a global insurance brokerage and advisory firm with construction, real estate, public entity, and education practices — directly overlapping Zachary Group's verticals, and the parent of NFP, a direct mid-market peer.
- Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm with deep specialty practices in real estate, education, public entity, and construction — the same verticals The Zachary Group targets. It is a scaled incumbent competing for comparable accounts.
- Marsh McLennan: Marsh is the world's largest insurance broker and a global risk management firm with practices across real estate, construction, public sector, and other verticals served by The Zachary Group. It competes for the same enterprise accounts but at massive scale.
Regional players
- Higginbotham: Higginbotham is a Texas-based, employee-owned insurance brokerage with deep expertise in construction, real estate, public entity, and other commercial verticals. It is comparable in size and specialty-led approach to The Zachary Group, though concentrated in the southern U.S.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The Zachary Group social profiles
Digital presenceThe Zachary Group compliance and trust
Trust signalCompliance2 records
The Zachary Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Zachary Group leadership team
Management profileNumber of profiles
Profiles7 records
The Zachary Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
The Zachary Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Zachary Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Zachary Group
What does The Zachary Group do?
The Zachary Group is an independent commercial insurance brokerage and risk management firm that connects businesses with tailored insurance coverage through industry-specific expertise. The firm operates across six verticals (Affordable Housing, Real Estate, Education, Public Entity, Construction, and Restaurant & Food Service), providing risk assessment, customized insurance placement, claims advocacy, and proactive loss control solutions on behalf of clients.
Is The Zachary Group a public or private company?
The Zachary Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Zachary Group founded?
The Zachary Group was founded in 2005. It employs 11 to 50 people.
Where is The Zachary Group based?
The Zachary Group is headquartered in Bloomington, United States, in the North America region.
How does The Zachary Group make money?
Three revenue lines are on record. Insurance Commission is the primary driver. The others are fee-Based Services and contingent Income.
Who are The Zachary Group's main competitors?
Acrisure is listed as an emerging player. Direct peers are Hub International, AssuredPartners, Risk Strategies Company and NFP (an Aon company). Broad incumbents are Brown & Brown, Aon, Arthur J. Gallagher & Co. and Marsh McLennan. Higginbotham is listed as a regional player.
Does The Zachary Group have an API?
No public API is recorded for The Zachary Group.
What industry is The Zachary Group in?
The Zachary Group's product category is Commercial Insurance Brokerage. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 5242 and its SIC code is 6411.