With Acquisition, North Texas Agency has Second Location

Powter Insurance Agency Inc. of McKinney, Texas, announced it purchased Arlington, Texas-based Anchor Insurance Agency Inc. from Ron Brown. The Arlington location will be Powter Insurance Agency’s second location.

According the announcement, Powter, a 10 year old agency, has a 99 percent client retention rate and has live account managers answering Powter’s phones 24 hours a day, seven days a week. It offers a full line of products and uses only “A”-rated carriers. One of its largest clients is Dominos Pizza with 1600 franchisees nationwide.

Established in 1946 by Web Rose Jr., Anchor Insurance Agency has grown to a full service insurance agency. In 1998, the agency was purchased by Ronald R Brown, a veteran of 37 years experience in the insurance industry.

Brown is a charter member of NSACE – National Society of Agents for Consumer Education. He has authored two consumer awareness guides – “Circle of Safety: How to Protect Yourself and Your Family with Today’s Insurance” and “How to Protect Yourself and Your Business with Today’s Insurance”.

Source: Powter Insurance Agency

Topics Mergers & Acquisitions Texas