August 12, 2020

The Plexus Groupe Announces First Florida Location with Two Acquisitions

Plexus acquires insurance companies in Florida

The Plexus Groupe is excited to announce two recent acquisitions: Community Insurance Group (CIG) and Artisan Insurance Group (AIG). Both are located in Brandon, FL, a suburb of Tampa.

By acquiring these insurance companies in Florida, Plexus added its first location in the southeastern market. Plexus currently has locations in Atlanta, Chicago, Dallas, Los Angeles and Oklahoma City. Both transactions were completed on June 22, 2020.

 

About Community Insurance Group

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.

Bill Puckett, President of CIG, commented, "After growing Community from scratch in 2004, I decided the time was right to find a partner that could help our team grow to the next level. After looking at many buyers, I was drawn to Plexus' commitment to remaining private, while providing the tools to grow. I'm excited for our associates to become part of The Plexus Groupe organization."

Plexus Founder and CEO Walter R. Fawcett, III said, "As Plexus begins our expansion through M&A, I'm thrilled to enter the Florida market with a firm like Community that has such an excellent reputation. We welcome Bill and his team to the Plexus family."

 

About Artisan Insurance Group

Artisan Insurance Group was founded in 2001 by Richard Vazquez who built his property & casualty agency one customer at a time while providing superior customer service. Richard will remain on board and be responsible for the integration and management of the combined Tampa Plexus operations. All associates at Artisan have accepted positions with Plexus.

Richard Vazquez, President of Artisan commented, "After founding Artisan in 2001, I decided it was time to find a partner that could provide the capital and resources necessary to take the agency to the next level. After evaluating several qualified buyers, I was drawn to Plexus' commitment to growth and for the opportunity to partner with Bill Puckett and his team at Community. I am excited for our associates to come together as Plexus associates."

Walter R. Fawcett, III, Plexus Groupe CEO said, "As Plexus continues our national expansion through M&A, we were very fortunate to find another quality firm less than 3 miles from our first partnership in Florida. We are excited about combining the two Tampa agencies and offering an expanded range of products to their customers. We welcome Richard and all Artisan associates to the Plexus family.”

 

Want to partner with Plexus?

If you are interested in learning more about a partnership with The Plexus Groupe, contact us.