TWFG Expands in Southeast with AIA Acquisition

TWFG Acquires Alabama Insurance Agency Inc., Solidifying Southeastern Presence and Local Service

The Woodlands Financial Group (TWFG, Inc.), a prominent national insurance provider, announced its acquisition of Alabama Insurance Agency Inc. (AIA), effective June 3, 2024. This strategic move is poised to significantly enhance TWFG’s market presence across the southeastern United States, with a particular focus on deepening its footprint within Alabama.

Headquartered in The Woodlands, Texas, TWFG has demonstrated consistent national expansion, currently operating over 300 retail insurance offices across 24 states and managing a robust network of more than 3,000 independent agents nationwide. The acquisition of AIA represents a calculated step in this growth strategy, aiming to leverage AIA’s strong local roots and client relationships. More information about TWFG can be found at TWFG.com.

Gordy Bunch, Founder, President, and CEO of TWFG, expressed enthusiasm for the deal. “AIA’s strong local presence and unwavering dedication to client service align perfectly with TWFG’s core values,” Bunch stated. “This acquisition not only expands our geographic reach but also strengthens our commitment to providing personalized, comprehensive insurance solutions to communities throughout Alabama and the Southeast.”

Alabama Insurance Agency Inc., founded in 2012 by its current President Matthew C. Clark, has established itself as a cornerstone independent agency in the region. Serving clients across Alabama and neighboring states, AIA specializes in a diverse portfolio of insurance solutions, including personal and commercial policies, as well as life and health coverage. For further details about AIA, visit AlabamaInsuranceAgency.com.

A crucial aspect of the acquisition, designed to ensure continuity for both clients and staff, is the retention of Mr. Clark, who will remain at the helm as AIA’s President. Clients of Alabama Insurance Agency Inc. can expect a seamless transition, continuing to receive the same dedicated service from Mr. Clark and his team, now backed by the expanded resources and national network of TWFG. This decision underscores TWFG’s commitment to maintaining the local expertise and client-focused approach that AIA has been known for.

This integration positions TWFG to better serve the growing insurance needs of Alabama residents and businesses, merging AIA’s specialized local knowledge with TWFG’s extensive national resources and carrier relationships. While the acquisition details were announced on June 3rd, the financial terms of the deal were not disclosed by either party.