Towne Insurance Expands Into South Carolina, Acquires The Angel Insurance Agency

February 13, 2020

North Carolina-based Towne Insurance has expanded into South Carolina with the completion of its acquisition of Nationwide Agency, The Angel Insurance Agency.

Led by David E. Angel, The Angel Insurance Agency has offices located in Rock Hill, Lancaster, and Spartanburg, South Carolina; Raleigh and Charlotte, North Carolina.

According to Dudley Fulton, president and CEO of Towne Insurance, the move accelerates the achievement of the company’s strategic objectives.

With 50 years of service, The Angel Insurance Agency offers a full line of personal and commercial services to their client base in North and South Carolina. The agency will continue operating under its present name and locations for the immediate future except for the Raleigh, N.C. office that relocated to the Towne Insurance office on Falls of Neuse Road in Raleigh, N.C.

This deal marks the 24th acquisition for Towne Insurance, and they will grow to more than 440 insurance professionals with 34 offices serving Virginia, North Carolina and now South Carolina.

Towne Insurance was ranked by Insurance Journal as 35th in the Top 100 Property and Casualty Agencies report. Towne Insurance also ranked 25th among the top 50 personal lines agencies in the Personal Lines Leaders report from the November 2019 edition of Insurance Journal magazine.

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