Brown & Brown Lone Star Insurance Services has acquired all of the assets of VerHagen Glendenning & Walker; Glendenning Insurance Agency; Walker Insurance; Glen R VerHagen Insurance Services and VerHagen Insurance, collectively termed as VGW Insurance.
Financial terms of the acquisition have not been revealed.
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Operating since early 1990s, VGW Insurance provides property and casualty insurance products and services to businesses and individuals in Texas.
After the transaction, the VGW team will function as a stand-alone office in the retail segment of Brown & Brown.
The business will continue to be led by Rick Walker from the current locations in Rockwall, Plano, Sherman and Van Alstyne in Texas.
Walker stated: “Becoming a part of Brown & Brown provides an outstanding opportunity for VGW insurance.
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By GlobalData“Joining a forward-thinking organization that encourages an entrepreneurial culture and that sets an industry-leading standard for innovation, customer service, and carrier relationships places us in an exceptional position for future growth and success.”
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