The Woodlands Financial Group subsidiary TWFG Insurance Services LLC announced its acquisition of The Woodlands-based Panoptic Insurance effective April 17.
TWFG, a national retail insurance agency located at 1201 Lake Robbins Drive, Ste. 4020, The Woodlands, said the acquisition was made as part of its growth plans to expand its service offerings.
“This is an exciting opportunity for us," TWFG founder and President Gordy Bunch said in a statement. "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."
Panoptic, located at 1790 Hughes Landing Blvd., Ste. 700, The Woodlands, offered a variety of coverage including life and health, auto, travel and property insurance.
"We are incredibly proud of what we have achieved with Panoptic over the years and the quality of service we have provided to our customers," Panoptic President Arden Hetland said in a statement. "With shared values, heritage and community, we are confident TWFG will continue its long tradition of putting customers first."
TWFG offers personal and family home, auto, life and health insurance coverage in addition to property, liability, auto and workers compensation coverage for businesses. 281-367-3424. www.twfg.com