Iowa’s First MainStreet Insurance Acquires 3 New Agencies

First MainStreet Insurance (FMSI), a Cedar Rapids, Iowa-based affiliate of TrueNorth Companies, has closed on its acquisition of three new agencies.

The firm expanded to Western Iowa with the merger of EGR Insurance in Moville. A dedicated staff of 10, Pat Rogers and team has been a long-standing predominant player in their region.

FMSI also has merged with Warth Insurance in Burlington, Iowa. Earning the respect of its client base through hard work and dedication, Mark Warth and team has established themselves as a go-to insurance agent in Southeast Iowa.

Continuing FMSI’s expansion in Southeast Iowa is the merger of Rominger Insurance in Ottumwa. Tim Hardie and team joined the FMSI platform after agreeing to terms to transition effective March 1, 2020.

With the acquisition of these three agencies, FMSI increases its total revenue to over $10 million.

First MainStreet Insurance is an affiliated business unit of TrueNorth Companies. Led by many TrueNorth senior leaders, the FMSI model focuses on smaller agencies to perpetuate their business while maintaining a local presence and legacy within their communities.

In addition to these new acquisitions, FMSI currently has locations in Bettendorf, Bloomfield, Centerville, Fairfield, Indianola, Iowa Falls, Mason City, Mt. Pleasant, Pella and Perry, Iowa, as well as an office in Brentwood, Tenn.

Source: First MainStreet Insurance

Topics Mergers & Acquisitions Agencies Iowa