Florence Insurance Agency Acquired
A Florence insurance agency has been acquired by AAA.
AAA Allied Group’s Energy Insurance Agency, Inc., has acquired Gateway-Potter Insurance. The agency is located at 7736 US Highway 42. The acquisition will strengthen the local presence for Energy whose headquarters are in Lexington.
One year ago, Energy acquired Cincinnati-based Landmark Insurance.
“We are excited to further expand our insurance operation in northern Kentucky” said James L. Pease, III, Chairman and CEO of AAA Allied Group, Inc, in a statement. “Gateway-Potter’s long history and depth of experience complements our existing commercial and personal lines insurance offerings.”
Gateway-Potter has been serving the commercial and personal insurance needs of clients in the tri-state since 1932. Its management team and staff will join an Energy Insurance team serving a combined $90 million in written premiums.
“We are thrilled to join Energy Insurance and the AAA organization,” said Brad Smith of Gateway-Potter. “This is a tremendous growth opportunity that will benefit our customers and staff.”
In addition to commercial and small business insurance, Energy offers surety bond and employee benefits services.