M&A Deal Summary

TWFG Insurance Services Acquires Penguin Insurance Services

On December 1, 2020, TWFG Insurance Services acquired insurance company Penguin Insurance Services

Acquisition Highlights
  • This is TWFG Insurance Services’ 2nd transaction in the Insurance sector.
  • This is TWFG Insurance Services’ 2nd transaction in the United States.
  • This is TWFG Insurance Services’ 1st transaction in California.

M&A Deal Summary
Date 2020-12-01
Target Penguin Insurance Services
Sector Insurance
Buyer(s) TWFG Insurance Services
Deal Type Add-on Acquisition

Target

Penguin Insurance Services

Milpitas, California, United States
website
Penguin Insurance Services is a provider of personal lines, commercial lines, specialty insurance, worker's compensation, and life insurance services. Penguin Insurance Services was founded in 2012 and is based in Milpitas, California.

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Buyer(S) 1

Buyer

TWFG Insurance Services

The Woodlands, Texas, United States

website

Category Company
Founded 2001
Sector Insurance
DESCRIPTION

TWFG Insurance Services LLC is a privately-owned national retail insurance services company and a wholly owned subsidiary of The Woodlands Financial Group, which includes TWFG General Agency LLC, TWFG Premium Finance LLC, and The Woodlands Insurance Company. TWFG Insurance Services was formed in 2001 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 2 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Panoptic Insurance

Conroe, Texas, United States

Panoptic Insurance is a privately-owned national independent insurance agency that provides comprehensive insurance solutions. Panoptic Insurance was founded in 2008 and is based in Conroe, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Wade Insurance Agency

Springboro, Ohio, United States

Wade Insurance Agency is a full-service agency specializing in protecting family and business with personal and commercial, auto, home, casualty, travel, life and health insurance. Wade Insurance Agency is based in Springboro, Ohio.

Buy -
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