ACHS Insurance on Wednesday broke ground on a three-story office building in Evans that will serve as its headquarters once construction wraps up this summer.
The Augusta-based insurance brokerage and employee-benefits consultant said the 21,000-square-foot building at the intersection of North Belair Road and Town Park Lane will enable it to consolidate its two existing offices under one roof.
“We’re excited about being all in one building,” ACHS President Russell Head said during remarks before the ceremonial event. “We’re excited about what the future holds for us.”
The company current offices – one on Augusta West Parkway and the other on Wheeler Road – are more than 1.5 miles apart.
Aside from unifying the company’s 45 employees, the three-story building was necessary to accommodate business growth fueled by ACHS’ September merger with Group & Benefits Consultants, an Augusta-based employee benefits firm, and its acquisition in May by Acrisure, a Michigan-based conglomerate of independent insurers with more than $200 million in annual revenue.
ACHS was founded in 1990 as AHS Insurance and primarily focused on consumer and commercial property and casualty insurance. The Group & Benefits Consultants merger made it the market’s largest independent brokerage, with an estimated $8 million in annual revenue.
“We now have everything,” ACHS CEO Michael Carraway said. “We have HR lawyers and risk analysis people on staff – we have expertise like nobody else.”
Carraway said the new headquarters, which will occupy 1.5 acres of frontage at the Evans Town Park office and retail complex, will accommodate up to 75 employees.
ACHS is an acronym created from the names of its principal partners: Head, Carraway, Executive Vice President David Hogan and President Emeritus M. David Alalof.
ACHS expects the building, an estimated $4 million investment, will be completed by August.