Afore Insurance Expands into Kentucky with Myron K. Hobbs & Company Acquisition

The deal adds a new office location in the Louisville area and bolsters Afore's employee benefits capabilities.

Published on Feb. 10, 2026

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Afore Insurance Services, an insurance firm based in Alpharetta, Georgia, has acquired Myron K. Hobbs & Company, an employee benefits agency located in the Louisville region of Kentucky. The financial terms of the deal were not disclosed. This acquisition enables Afore's expansion into the Kentucky market and adds a new office location in the Louisville area. Myron K. Hobbs & Company's staff will relocate to shared office space and begin working alongside Neace Ventures, the investment firm connected to Afore's vice-chairman John Neace.

Why it matters

The acquisition of Myron K. Hobbs & Company supports Afore's strategy to expand its footprint across the United States and adds new employee benefits capabilities that can be leveraged to serve clients more holistically. Kentucky represents a new state for Afore, providing opportunities for growth in the region.

The details

Afore Insurance Services, which has over 20 offices nationwide and has acquired more than 50 agencies since the 1970s, sees the Myron K. Hobbs & Company deal as a way to bolster its group employee benefits offerings and deepen client relationships in the Louisville market. Myron K. Hobbs & Company founder Myron K. Hobbs expressed confidence in Afore's business model and leadership, noting that the partnership will accelerate the agency's growth while preserving its local relationships.

  • Afore Insurance Services acquired Myron K. Hobbs & Company in February 2026.
  • In November 2025, Afore completed the acquisition of Salzberg Insurance Agency in Norfolk, Virginia.

The players

Afore Insurance Services

An insurance firm based in Alpharetta, Georgia, that has over 20 offices throughout the United States and has acquired more than 50 agencies since the 1970s.

Myron K. Hobbs & Company

An employee benefits agency based in the Louisville region of Kentucky that has been acquired by Afore Insurance Services.

John Neace

The vice-chairman of Afore Insurance Services and the head of Neace Ventures, the investment firm that Myron K. Hobbs & Company's staff will begin working alongside.

Michael A. Garguilo

The CEO and president of Afore Insurance Services.

Myron K. Hobbs

The founder of Myron K. Hobbs & Company.

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What they’re saying

“I have tremendous confidence in Afore, its business model, and the leadership of Mike Garguilo and John Neace. This partnership will accelerate our growth while preserving the strong local relationships we have built.”

— Myron K. Hobbs, Founder, Myron K. Hobbs & Company (Yahoo Finance)

“Myron Hobbs and his team bring considerable group employee benefits capabilities and deep client relationships that align perfectly with Afore's mission. We are truly excited to welcome Myron, the agency's employees and their valued clients to Afore. This acquisition not only expands our footprint into a new state but also gives us a strong Louisville presence that will support continued growth across the region.”

— Michael A. Garguilo, CEO and President, Afore Insurance Services (Yahoo Finance)

What’s next

Afore Insurance Services plans to integrate Myron K. Hobbs & Company's operations and employees into its existing Louisville-area presence, leveraging the acquired agency's expertise in group employee benefits to serve clients more holistically across the region.

The takeaway

Afore Insurance Services' acquisition of Myron K. Hobbs & Company represents a strategic move to expand its geographic footprint and service capabilities, particularly in the employee benefits space. The deal highlights the insurance industry's ongoing consolidation as firms seek to gain scale, diversify offerings, and strengthen local market positions.