DENVER (May 19, 2015) – Moody Insurance Agency, a leading privately owned insurance agency in Denver, has acquired Odell & Associates, a Denver-based business insurance planning firm. The deal, which closes July 1, will give Moody Insurance deeper expertise on the employee benefits side while offering Odell & Associates clients the benefit of Moody’s expansive capabilities, in-house resources and infrastructure.
“We’ve enjoyed a great working relationship with Moody Insurance for a number of years now and have always been impressed with their personalized approach to client service, which mirrors our own,” said John Odell, founder of Odell & Associates. “We are confident in a seamless transition, and look forward to offering our clients the collective talents and capabilities of our two teams.” Odell & Associates was founded in 1986 and offers employee benefits planning and implementation support, retirement planning, and 401k services to clients across Colorado. Following the acquisition, Odell will remain on at Moody as vice president of Employee Benefits.
Odell will bring a team of four to the Moody Employee Benefits team, which is led by Jim Smallwood. Smallwood’s firm, Smallwood Financial, was acquired by Moody Insurance in 2010. Separately, Smallwood and Odell have worked together for more than 20 years as co-founders of Group Benefit Services, LLC. “At Moody, we strive to be true partners to our clients, providing them with the resources they need to make the best decisions for their businesses, and this acquisition is an example of that commitment in action,” said Smallwood. “With Odell & Associates, we will be able to offer clients an even deeper level of specialized expertise in the increasingly complex area of Employee Benefits.”
