TWFG Insurance Expands Northeast Presence with Strategic Deal
TWFG Insurance's Strategic Expansion
TWFG Insurance, recognized as a dynamic and high-growth independent insurance distribution platform, recently made headlines by expanding its footprint in the Northeast. The company accomplished this through a strategic acquisition, integrating Angers & Litz Associates, Inc., a well-respected agency known for its legacy and community ties.
Growth through Acquisition
This acquisition is pivotal for TWFG Insurance as it represents a significant step in their growth strategy. Angers & Litz, established in 1963, has forged a strong reputation in both commercial and personal lines insurance. Its long-standing relationships within the region promise immediate market access for TWFG.
A Legacy of Trust and Service
Michael F. Litz, the current branch manager of Angers & Litz, expressed his enthusiasm about the merger, remarking, "We have built our reputation through strong community connections and prioritizing client needs. Aligning with TWFG enhances our capabilities and allows us to maintain our dedication to personal client relationships."
Leadership's Vision for Growth
Gordy Bunch, Founder and CEO of TWFG Insurance, emphasized that this strategic move aligns with their overall mission to collaborate with agencies that share compatible cultural values. Bunch stated, "Welcoming Angers & Litz into the TWFG family strengthens our commitment to delivering exceptional service and leadership in the industry."
Enhancing Distribution Capabilities
The incorporation of Angers & Litz into TWFG Insurance significantly boosts their distribution capabilities. This acquisition is expected to facilitate enhanced support for independent agents, further promoting the delivery of scalable, tech-enabled insurance solutions throughout the U.S.
About TWFG Insurance
TWFG Insurance has established itself as a prominent player in the independent distribution of both personal and commercial insurance across the United States. With an extensive network of independent agents and partnerships with numerous carriers, TWFG excels in offering tailored insurance solutions that foster growth, enhance operational efficiency, and maximize customer satisfaction.
Contact Information
Investor Contact:
Gene Padgett
TWFG, Inc. - Chief Accounting Officer
Email: gene.padgett@twfg.com
PR Contact:
Alex Bunch
TWFG, Inc. – Chief Marketing Officer
Email: alex@twfg.com
Frequently Asked Questions
What is the significance of TWFG's acquisition of Angers & Litz?
The acquisition allows TWFG to enhance its market presence in the Northeast, leveraging Angers & Litz's established reputation and client base.
Why is TWFG focusing on growth through acquisitions?
Acquisitions enable TWFG to quickly expand its capabilities and market reach, tailoring its growth strategy to match changing consumer needs.
How will this merger affect existing clients of Angers & Litz?
Clients can expect an enhancement in service offerings while continuing to enjoy the personal relationships built by Angers & Litz over decades.
What is TWFG's mission following this acquisition?
TWFG aims to empower independent agents by delivering high-quality, tech-enabled insurance solutions across the country.
Who can be contacted for investor inquiries at TWFG?
Gene Padgett is the designated contact for investor inquiries as the Chief Accounting Officer.
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