The Plexus Groupe, a privately held broker, has acquired Community Insurance Group (CIG) of Brandon, Fla.
This is the first entrance into the Florida market for Plexus, which has locations in Atlanta, Chicago, Dallas, Los Angeles and Oklahoma City. The transaction was completed June 22, 2020.
Community Insurance Group was founded in 2004 by Bill Puckett, who grew the business by specializing in insurance for homeowners associations throughout the state of Florida. All CIG associates have accepted positions at Plexus.
The Plexus Groupe LLC, founded by Walter R. Fawcett III in 1990, offers solutions in employee benefits, property and casualty insurance, corporate retirement plans, personal lines insurance, benefits technology services and mergers and acquisitions. Additionally, the Plexus Global Network gives clients access to insurance placement in 130 countries around the world. Plexus is headquartered in Deer Park, Ill.
Source: The Plexus Groupe
Topics Mergers & Acquisitions Florida
Was this article valuable?
Here are more articles you may enjoy.
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says 
