Watkins Insurance Group Acquires AIC-Sun Belt

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The Watkins Insurance Group, a full-service independent insurance agency based in Austin, Texas, has announced the purchase of a local insurance agency, AIC-Sun Belt Group, Inc., for an undisclosed amount. The acquisition affirms Watkins Insurance Group as the largest privately held, locally owned insurance agency in the Greater Austin area. The company offers a full range of business and personal insurance.

Today the Watkins Insurance Group, a full-service independent insurance agency based in Austin, announced the purchase of a local insurance agency, AIC-Sun Belt Group, Inc., for an undisclosed amount. The acquisition affirms Watkins Insurance Group as the largest privately held, locally owned insurance agency in the Greater Austin area.

"We've known AIC-Sun Belt professionally and in the community for years, and we share the same values and customer-oriented practices," said Patrick Watkins, president of Watkins Insurance Group. "This acquisition fits our strategic vision on many levels."

The acquisition is part of an ongoing growth strategy by Watkins Insurance Group. Founded in 1949, Watkins Insurance Group has grown by more than twenty percent annually since 1994.

The agency plans to retain all current employees of AIC-Sun Belt, including its principals. With the addition of AIC-Sun Belt's 11 employees, Watkins Insurance Group staff will increase to a total of 79 employees.

Watkins Insurance Group, with more than 14,000 customers, offers a full range of business and personal insurance and employee benefit programs. Watkins Insurance Group can provide businesses with insurance products including property, general liability, workers' compensation and directors and officers coverage. The agency offers all lines of personal insurance, including auto and home insurance. Through its employee benefits department, Watkins Insurance Group can assist companies in implementing group health, life and disability coverage.

"Our agency is an established Austin business, and we are thriving in the new Austin economy," continued Watkins. "Our offerings and access to leading insurance products continue to expand to meet the community's evolving needs."

Watkins attributes their success to a wide range of industry offerings, use of the latest technology in the insurance business, and an aggressive approach to customer service.

Headquartered in Austin, Watkins Insurance Group has nine locations throughout Texas, including offices in Cedar Park, Hawkins, Holly Lake Ranch, Longview, Marble Falls, Mineola, Tyler and Waco.

For more information, please visit http://www.watkinsinsurancegroup.com.

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MELISSA ANTHONY
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