TWFG Acquires Hix Insurance, Grows Alabama Footprint

**FOR IMMEDIATE RELEASE (Simulated – not part of output)**

**TWFG Expands Gulf Coast Presence with Acquisition of Hix Insurance Agency in Foley**

**Foley, AL – March 26, 2024** – The Woodlands Financial Group (TWFG), a rapidly growing national insurance provider headquartered in The Woodlands, Texas, announced today its acquisition of Hix Insurance Agency, a well-established independent agency that has proudly served the Foley, Alabama community for over three decades. This strategic move significantly bolsters TWFG’s footprint across the Southeast, particularly along Alabama’s burgeoning Gulf Coast.

Effective immediately, Hix Insurance Agency will operate under the new name TWFG Hix Insurance, signaling a seamless integration while preserving the local roots and trusted service that clients have come to expect. Richard Hix, who has owned and operated the agency for more than 30 years, will continue his leadership role as Managing Partner. His extensive local knowledge and client relationships are expected to be invaluable assets in ensuring continuity and fostering growth.

“The acquisition of Hix Insurance Agency marks a pivotal moment in our strategic expansion into the vibrant Gulf Coast region of Alabama,” said Gordy Bunch, Founder, President, and CEO of TWFG. “Richard Hix and his dedicated team have built an incredible legacy of trust and personalized service in Foley. We are thrilled to welcome them into the TWFG family and look forward to empowering them with our extensive resources, technology, and broader market access to serve their community even better.”

Founded by Gordy Bunch in 2001, TWFG has grown from a single office to a formidable insurance entity boasting over 300 retail locations nationwide and managing more than $6 billion in annual premiums. The company’s success is attributed to its unique hybrid model, combining the personalized service of local agents with the comprehensive support and vast product offerings of a national powerhouse.

Richard Hix expressed enthusiasm for the new partnership, stating, “For over 30 years, our priority at Hix Insurance Agency has been to provide our clients in Foley and the surrounding areas with expert advice and comprehensive insurance solutions. Joining TWFG, a company that shares our dedication to client care and community involvement, allows us to enhance our offerings significantly. Our clients will continue to receive the same trusted, local service from the same familiar faces, now with the added benefits of TWFG’s expanded resources, carrier relationships, and cutting-edge technology. I am incredibly excited for this new chapter as TWFG Hix Insurance.”

The acquisition is seen as a key strategic move for TWFG, solidifying its presence in a crucial growth market within Alabama. The Gulf Coast region, known for its dynamic economy and expanding population, presents significant opportunities for an insurance provider with TWFG’s diverse product portfolio, including home, auto, life, and commercial insurance.

For more information about TWFG, please visit their official website at www.twfg.com.

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