Combined Agents of America LLC (CAA) announced that two member agencies — Duncan, Fraser & Bridges Insurance Agency Inc. (DFB) and Pinnacle Insurance Group Inc. — have grown through recent acquisitions totaling approximately $11.7 million in written premium.
Partners of Pampa, Texas-based DFB acquired Greater Texas Insurance Managers and Agency Inc. in Cedar Park, Texas, on July 1. This agency will add some $1.25 million in commission revenue and approximately $10 million in written premium.
The agency will continue to operate under the Greater Texas name. One of the two former owners of Greater Texas, Ken McLain, will stay on to manage the agency for a minimum of
Pinnacle Insurance Group, headquartered in Waco, Texas, acquired Naler Insurance Agency Inc. based in McGregor, Texas, on July 17. Through this acquisition Pinnacle will gain some $1.7 million in written premium. Naler CEO Joe Paschall will continue to be both a consultant and producer with this agency.
Source: Combined Agents of America
Topics Mergers & Acquisitions Texas Agencies
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