TWFG Insurance Acquires Penguin Insurance Services
December 1, 2020
TWFG Insurance (The Woodlands Financial Group) has acquired Penguin Insurance Services, a Milpitas, California-based agency founded in 2012. The deal brings about 130 affiliated agencies and over $100 million in written premiums to TWFG, strengthening its presence in California and supporting its goal to reach $1 billion in written premium.
- Targets
- Penguin Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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