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New Deal


Announced

Completed

TWFG Insurance completed the acquisition of Panoptic Insurance's personal and commercial business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

personal insurance

Completed

Acquisition

Private

Majority

commercial insurance

Friendly

Insurance Brokers

Single Bidder

Synopsis

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TWFG Insurance Services, a full service, national retail insurance agency, completed the acquisition of the personal and commercial insurance business of Panoptic Insurance, a national independent insurance agency. Financial terms were not disclosed. "This is an exciting opportunity for us. This acquisition increases the value we can deliver to our agency partners, strengthens our well-defined business model, and adds thousands of customers to the TWFG family," Gordy Bunch, TWFG Founder and President.

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